Pell Grants are need-based federal student aid to which other federal and nonfederal aid may be added. If a student meets all requirements for a Pell Grant then the federal government grants the student aid.
Amounts can change yearly. The maximum award for 2013-14 is $5645. For the 2014-15 award year, the maximum will be $5730. The amount awarded also depends on:
You may not receive Pell Grant funds from more than one school at a time
Student may receive the Pell Grant for no more than 12 full-time semesters