A Federal Pell Grant, unlike a loan, does not have to be repaid. The maximum Pell grant for the 2011-12 award year (July 1, 2011, to June 30, 2012) is $5,550.The amount depends on your financial need, costs to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less.
Federal Government Pell Grant