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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.
Do I qualify for a Pell Grant? The Pell Grant is available to undergraduate students, working on their first bachelor's degree who have an EFC under approximately 5400. The maximum EFC for 2017-2018 is $5,920. The Pell grant is initially awarded based on projected enrollment and later adjusted to actual enrollment.