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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.
Federal Pell Grant Amounts. Pell grant amounts for 2013-2014 will be slightly higher for all awards, from minimum to maximum. Students who attend full-time, have an EFC of â0â, and a cost of attendance of at least $5,645 will receive $5,645.The only problem is that for 2013-2014, in order to get the maximum award, your income must be below $24,000.y 2019, the maximum award is projected to be $5,975. Students who apply for Pell grant awards (over the last few years) saw these awards increase at a faster rate than their cost of attendance.