Maximum Pell Grant to stay the same for the 2004-2005 school year.

On January 23, 2004, the President signed the Consolidated Appropriations Act, 2004 (P.L. 108-199), that establishes the maximum Federal Pell Grant award for the 2004-2005 award year at $4,050 and, with the minimum award continuing to be $400, sets the maximum Expected Family Contribution (EFC) that a student may have to be eligible to receive a Federal Pell Grant at 3850.