Fafsa Pell Grant Amount 2024. The new fafsa — also referred to as the simplified fafsa — uses five key factors to determine pell grant. In new jersey, changes to fafsa — or free application for federal student aid — will increase the number of pell grant recipients by 8,802 and the maximum.
As well as any amount of cash on hand. The amount depends on your financial need, costs to attend.