When reviewing your college financial aid offer letter, you may see that you automatically received the Pell Grant without having applied 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 awarded 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, these funds are automatically awarded and are reflected in their college’s financial aid offer letter.

How much money will I receive through the Pell Grant?

Many factors, such as your Student Aid Index (SAI), financial need, student status (full- or part-time), and the cost of attendance at your college determine the amount you may receive through the Pell Grant. Because each of these factors can change each academic year, the amount you may receive in Pell Grant funds may vary. For the 2025-2026 academic year, the maximum amount of the Federal Pell Grant is $7,395. Although this is the maximum amount, some students are eligible to receive up to 150% of their scheduled grant 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 distributed according to the grant schedule.

Am I eligible for the Pell Grant?

Eligibility for the Pell Grant is determined by completing or renewing the FAFSA, as well as your financial need, family size, or household income. To estimate how much you might receive in Pell Grant funds if you are an eligible student, you can use FSA’s Pell and SAI Eligibility Guide for 2026-2027.

How do I apply for the Pell Grant?

You do not need to specifically apply for the Pell Grant! As mentioned above, eligibility for the grant is determined by completing or renewing the FAFSA. If you meet all the eligibility criteria, you will automatically receive the funds and see the exact amount offered in your financial aid offer letter.

Do you have any questions about the Pell Grant or receiving financial aid for college? Connect with a Get Schooled Advisor.