The Pell Grant is a federal grant that helps low-income students pay for college. It is the largest source of financial aid for undergraduate students in the United States. Pell Grants are awarded to students who have not yet earned a bachelor’s degree and who meet certain income eligibility requirements.
The maximum amount of a Pell Grant for the 2022-2023 award year is $6,895. The amount of a student’s Pell Grant is determined by their Expected Family Contribution (EFC), which is a measure of their family’s financial need. Students with the lowest EFCs will receive the highest Pell Grant awards.