The maximum award for the 2014 award year, which lasts from July 1, 2013 to June 30, 2014, is at $5,645. For the 2015 award year, which is from July 1, 2014 to June 30, 2015, the ceiling award will increase by 1.48 percent to $5,730. However, applying for a Pell Grant doesn’t always guarantee receiving the maximum award, at least not without professional help.
An expert college financial advisor like The Studemont Group College Funding Solutions works to make the most out of an applicant’s award. Even though the award dwarfs that of a year’s worth in tuition fees, the grant goes a long way to supporting a child’s future.