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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.
Pell Grant amounts depend on program funding and can change every year. The amount of other student aid you might qualify for does not affect your Pell Grant amount. You may not receive Pell Grant funds from more than one college at a time. The maximum Pell Grant for the 2017-2018 award year is $5,920. The amount of your Pell Grant award will depend on the following: your EFC.