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How Funds Are Delivered

Your school can apply Federal Pell Grant funds to your school costs, pay you directly, or combine these methods. Learn more about how (and when) you’ll be paid.

Award Amounts

Award amounts can change yearly.

2023–24 Award Year
The maximum Federal Pell Grant award is $7,395 for the 2023–24 award year (July 1, 2023, to June 30, 2024).

2024–25 Award Year
The maximum Federal Pell Grant award is $7,395 for the 2024–25 award year (July 1, 2024, to June 30, 2025).

The amount you get, though, will depend on

your Expected Family Contribution (2023-24 FAFSA form) or your Student Aid Index (2024-25 FAFSA form),

the cost of attendance (determined by your school for your specific program),

your status as a full-time or part-time student, and

your plans to attend school for a full academic year or less.

In certain situations, an eligible student can receive up to 150 percent of his or her scheduled Pell Grant award for an award year.

For example, if you are eligible for a $2,000 Pell Grant for the award year and are enrolled full-time for both the fall term and spring term, you’ll likely receive $1,000 in the fall and $1,000 in the spring. However, under certain circumstances, you may be eligible to receive up to an additional $1,000 for attendance in an additional term within that award year (resulting in your receiving 150% of your original award). You might hear this situation being referred to as “year-round Pell.” For details, contact your school’s financial aid office.