… Aid - Programs - 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 … your award will be held in reserve for up to three years until you transfer to a bachelor’s degree program. Cal Grant B Provides subsistence payments for new recipients in the amount of $1,648 for a full-time, full year award. Payments are …