Federal Pell Grant Pell Grants are available to all college students who can demonstrate financial need, including single mothers and pregnant mothers. This is a need-based program offered through the federal government, so it is best suited for low-income individuals. The Federal Pell Grant can be extremely useful to finance study material cost and the tuition fees of university. Reward amounts may be as high as $5,000 per semester for those who qualify. Applications can be conducted online by completing the Free Application for Financial Student Aid at www.fafsa.ed.gov. Students should research application deadlines to ensure that funds are received for the upcoming semester as needed.