Pell Grant Chart 24-25. The pell grant is funded each year by congress, which sets the minimum and maximum award amounts. Federal pell grants financial, billing and enrollment center | pell grants are awarded based on the results of the free application for federal student aid (fafsa) and are available only to undergraduate students who have not yet earned a bachelor's or professional degree.pell is a federal grant, not a loan, and does not need to be paid.
Find out how to qualify, how much you can get, and how to apply for this type of grant on our website. Additionally, a review of terminology and concepts important to understanding the packaging process for the grant program is provided.