Federal Aid Programs Federal Pell Grant The Federal Pell program provides assistance in the form of a grant to undergraduate students. Pell Eligibility is determined by the Expected Family Contribution (EFC) calculated from the information provided on the FAFSA.  Award amounts range from $890 to $4,731 for the academic year. The amount of Pell you receive will depend on your EFC and your academic status.  You may not receive Pell Grant funds from more than one school at a time.