Answer with Explanation:
The Potential amount for the Pell Grant largely depends on you family income and asset worth. The maximum Pell Grant award for the year 2019-20 is $6,195 and maximum award per term is $3,097.
We don't have to pay back the Pell Grant but under certain circumstances which are listed as under:
- Early withdrawing from the program that let you qualify for the grant.
- Enrollment status changed during the execution of program.
- Received Other Scholarships
- You qualified for Teach Grant but later you didn't met the requirements for the grant.