The White House has announced this year’s maximum Pell award is $5,920, a $105 increase from the 2016-17 award year. The Pell Grant is awarded to undergraduate students with financial need who complete the Free Application for Federal Student Aid (FAFSA). The Pell Grant, unlike a loan, does not have to be repaid.
During the Obama Administration, the maximum Pell Grant has increased by more than $1,000, and on average, 2.5 million additional students have received a Pell Grant each year. The amount awarded to eligible students is determined by multiple factors including financial need, the cost of attendance, full-time or part-time student status and the duration of the academic year a student plans to attend college.
Every year, high school graduates in Florida collectively leave behind over $100 million in Pell Grants simply because they did not complete the FAFSA. To find the FAFSA completion rate for your school or district as of July 1, 2016, visit Florida CAN’s Florida FAFSA Finish Line data dashboard. Beginning November 2016, this dashboard will be updated every two weeks with FAFSA completion data for the 2016-17 school year.