With a new school year comes new Pell Grant amounts and loan interest rates. For your ease, we want to compile these numbers in one place so you can easily find and understand what they mean. These are the latest numbers for the 2025-2026 school year.
Pell Grant Amounts
The Pell Grant is awarded by the federal government based on need of the student. In order to qualify for a Pell Grant, a student must first fill out their FAFSA (Free Application for Federal Student Aid). If they qualify, they are entitled to these funds to help pay for their education. This is not a loan and does not need to be repaid. For more information, visit the FSA Website.
The 2025-2026 Pell Grant amounts are $740 minimum and $7,395 maximum.
Each year the student is in college, they will need to reapply for their Pell Grant by filling out the FAFSA.
Student Loan Interest Rates
Student loans, unlike Pell Grants, do need to be paid back, with interest. The interest rate changes each year. Details on this year’s rates can be found on the FSA Website.
The 2025-2026 Student Loan Interest Rate is 6.39% for a direct, subsidized loan for undergraduate students.
For more information on financial aid and what is available for students, have a look at a few of our publications like Are You Looking for Money?
Also, please visit our Scholarship page and learn about other ways to apply for and receive money to help you with your college education.