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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 Pell Grant budget is subject to annual adjustment, and award amounts are directly affected by the amount of money available for student aid. For example, the maximum Pell award for both the 2010 - 2011 and 2011 - 2012 school years is $5,550, or $2,775 per semester. You should not expect your federal Pell Grant award amount to remain consistent from year to year.