Pell GrantUS

Federal Pell Grant

Organized by U.S. Department of Education

The largest federal grant program for undergraduate students with exceptional financial need. It forms the foundation of federal student financial aid to which other aid from federal and non-federal sources might be added.

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Financial Aid & Loans

Pell Grant · U.S. Department of Education

grant Funding

Launch Year

1972

Reach

6,000,000+ students

Funding

grant

Status

active

Financial Benefits

Grant: Up to $7,395 per year (2024-25 max)
Does NOT have to be repaid (unlike student loans)
Can be used for tuition, fees, room and board, or books
Can be received for up to 12 semesters (approx 6 years)

Official Warnings

Filling out the FAFSA is FREE. Never pay a site or service to apply for federal aid.

Data last verified: 2024-03-01