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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.
Thus, for the 2016-2017 Award Year, the statutory minimum Pell Grant scheduled award amount is $582. However, because we use mid-points in both the EFC columns and the cost of attendance (COA) rows in constructing the schedules, the actual 2016-2017 Award Year minimum scheduled award amount is $590.