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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.
If you are eligible for the Pell Grant you also qualify for the Federal Supplemental Educational Opportunity Grant (FSEOG) program. This grant is for undergraduates with the greatest unmet financial need. Eligible students receive between $100 and $4,000 depending on their school and Expected Family Contribution.