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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 amount depends on your financial need and how much it costs to go to your school. The most you can get per year, at least through the 2012-13 school year, is $5,550. You don't have an unlimited supply of Pell grants, either.