When reviewing your financial aid offer letter from your college, you may see that you automatically received the Pell Grant without applying for it. But what is the Pell Grant and how does it work? We break it down! 

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What is the Pell Grant?

The Pell Grant is a form of federal financial aid that is provided to students with significant financial need. Unlike loans, Pell Grant funds do not need to be repaid. Once an eligible student has completed or renewed their FAFSA, they're automatically awarded these funds in their financial aid award offer letter from their college.

How much money will I get through the Pell Grant?

Many factors such as your Student Aid Index (SAI), financial need, status as a full-time or part-time student, and cost of attendance at your college all play a role in the Pell Grant funds that may be awarded to you. Because each of these factors can change in a given academic year, the amount you may receive in Pell Grant funds can vary. For the 2024-2025 academic year, the maximum Federal Pell Grant is $7,395. Even though this is the maximum award, some students are eligible to receive up to 150% of their Pell Grant scheduled award through the Year-Round Pell program. If you qualify for more funds, your school can help you determine how much and how it will be disbursed based on the award schedule.

Am I eligible for the Pell Grant?

Pell eligibility is determined by completing or renewing the FAFSA, as well as your financial need, family size, or family income. To estimate how much you may receive in Pell Grant funds if you are an eligible student, you can use FSA's 2024-2025 Pell Eligibility and SAI guide.

How do I apply for the Pell Grant?

You don't need to specifically apply for the Pell Grant! As previously mentioned, eligibility for the grant is determined by FAFSA completion or renewal. If you meet all eligibility criteria, you will receive the funds automatically and see the exact amount offered to you detailed on your financial aid offer letter. 

Have any questions about the Pell Grant or about receiving financial aid for college? Text #FAFSA to 33-55-77 to chat with one of our advisors. If you're using a mobile device, click here to have the text message set up for you!