Federal Relations

January 30, 2015

Pell Grant Levels Announced

The Department of Education announced the maximum Pell grant levels for 2015-2016 today. The agency said the maximum award amount will be $5,775, which is an increase of $45 over the 2014-2015 award maximum.

The amount is affected by the Student Aid and Fiscal Responsibility Act (SAFRA), which was incorporated as part of Public Law 111-152. SAFRA provides for an automatic annual increase, based on changes in the Consumer Price Index—through award year 2017-2018—to the appropriated Federal Pell Grant maximum award. This change has resulted in a 2015-2016 maximum award of $5,775. The corresponding maximum Pell Grant eligible expected family contribution (EFC) for 2015-2016 will be 5198.

Read the announcement here.