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Federal Pell Grant facts. Federal Pell Grants, the largest source of federally funded grants, are awarded solely based on your financial need (academic grades and extra-curricular activities arenât a factor). The maximum award for the 2017-18 academic year is $5,920.
The maximum Federal Pell Grant award is $5,815 for the 2016â17 award year (July 1, 2016 to June 30, 2017). Amounts can change yearly.