amount of money in student financial aid
Grants. Grants are financial aid that you donât have to repay. Generally, you must be an undergraduate student, and the amount you receive depends on your need, cost of attendance, and enrollment status (full time or part time). The maximum amount a student can receive in Federal Pell Grant money for the 2012-2013 award year (July 1, 2013, to June 30, 2014) is $5,635.