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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 Federal Pell Grant is an award for undergraduates earning their first bachelorâs degree. Eligibility is determined by your Expected Family Contribution (EFC) and your enrollment status. The maximum award for the 2016-2017 financial aid year is $5815, with a minimum of $598. A minimum of 12 credits each semester is required to receive full eligibility, with pro-rated amounts for less than full time enrollment. Students may receive a Pell Grant for six years or the equivalent.