… - Federal (UC) … Federal Financial Aid Programs … Federal Pell Grant … The Federal Pell Grant provides gift aid assistance to undergraduates who have not yet earned a baccalaureate or first professional degree and who demonstrate financial need. … Awards are based on your Student Aid Index (SAI), as calculated by the results of your FAFSA and enrollment intensity. The maximum annual award is $7,395. Students have a maximum lifetime Pell eligibility of 600% (equivalent to 12 full-time semesters), where 100% is equal to two full-time semesters. … Federal Supplemental Educational Opportunity …