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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.
Average Pell Grant. $4,210. To gauge a more realistic picture of what it may really cost you out of pocket to go to The University of Alabama, we've modeled a ten year student loan with an original principal value of $65,020. The loan balance of $65,020 is a four year multiple of the $16,255 average net price.