This is a Grant and does not have to be repaid. Awarded mostly to
undergraduates who have not earned a degree and who have exceptional
financial need. Larger Pell Grants may be available to students who
meet other requirements. Pell Grant lifetime eligibility is limited to
12 semesters or the equivalent.
On December 29, 2022, the president signed the Consolidated
Appropriations Act 2023, which included a $500 increase to the maximum
Pell Grant. The maximum Pell Grant award for the 2025-2026 award year
is $7395, and the corresponding maximum Pell Grant eligible expected
family contribution (EFC) is $6656.
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