Pell Grant Amounts

For the 2023-2024 academic year, the range of Pell Grant amounts for students will range from $639 to $6,495 depending on a student’s financial need and cost of attendance. The maximum Pell Grant award is only available to students with the highest financial need and attending the most expensive schools. Also, the amount of Pell Grant funding that a student receives will be re-evaluated each year and may change depending on the student’s financial need. Generally speaking, however, the Pell Grant program is designed to provide financial assistance to students who demonstrate financial need and are enrolled in college.

Here are a few examples of Pell Grant amounts you could receive:

Scenario 1:

John is a student who just graduated from high school and is attending a public university for the 2023-2024 academic year. His family’s adjusted gross income is $50,000 and the cost of attendance for the school is $10,000. Based on these factors, John would be eligible for a Pell Grant award of $3,960 for the academic year, which would help to cover a portion of his tuition costs.

Scenario 2:

Samantha is a student entering her third year of college for the 2023-2024 academic year. Her family’s adjusted gross income is $30,000 and the cost of attendance for her school is $20,000. Based on these factors, Samantha would be eligible for a Pell Grant award of $5,845 for the academic year, which would help to cover a portion of her tuition costs.

Scenario 3:

Kai is a student entering his first year of college for the 2023-2024 academic year. His family’s adjusted gross income is $10,000 and the cost of attendance for his school is $15,000. Based on these factors, Kai would be eligible for a Pell Grant award of $6,495 for the academic year, which would help to cover a large portion of his tuition costs.

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