The Office of Federal Student Aid has announced this year’s maximum Pell award is $5,815, a $40 increase from the 2015-16 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.
Since 2009, the Obama Administration has increased the maximum Pell Grant by more than $1,000. 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.
Each 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, visit Florida CAN’s Florida FAFSA Finish Line data dashboard, now with 2016 data.