Calculating Pell Grants | 2024-2025 Federal Student Aid Handbook
Aug 25, 2023 · Pell Grant Scheduled Awards are based on information provided on the FAFSA form, the presence of a valid Student Aid Index (SAI) on the student’s FAFSA Submission Summary or ISIR, the academic year structure (see Volume 3, Chapter 1), and the Pell Grant cost of attendance (COA) for a full-time student for a full academic year (see Volume 3, Chapter 2).
Student Aid Index (SAI) and Pell Grant Eligibility
Mar 28, 2021 · SAI for Maximum Pell Grant Recipients. A dependent student whose parents are not required to file a federal income tax return OR an independent student (and spouse, if applicable) who is not required to file a federal income tax return for the prior-prior tax year is assigned an SAI equal to -1500.
Student Eligibility for Pell Grants | 2024-2025 Federal Student Aid ...
Feb 28, 2024 · If a Pell-eligible student withdraws from one institution but meets one of the Return of Title IV Funds (R2T4) withdrawal exemptions and subsequently enrolls at a different institution during the same payment period, the new institution can award Pell Grant funds for any remaining portion of the overlapping payment period. See Chapter 6 of this ...
2024-2025 Federal Pell Grant Maximum and Minimum Award …
Jan 31, 2024 · Under section 401(a)(2)(F) of the HEA, as amended, the minimum Pell Grant award is ten percent of the maximum award amount for the award year. Further, under section 401(b)(1)(B)(ii), Federal Pell Grant awards should be rounded to the nearest $5. Therefore, the Federal Pell Grant minimum award amount for 2024-2025 is $740.
The Student Aid Index (SAI) and Pell Grant Eligibility Guide is designed to assist financial aid administrators (FAAs) and software vendors by introducing updated calculations for federal stu-dent aid eligibility, including the Pell Grant calculations, using the Student Aid Index (SAI) for the 2025-26 award year.
The Federal Pell Grant Program | 2024-2025 Federal Student Aid …
Aug 25, 2023 · This volume was new to the Federal Student Aid Handbook for 2023–24 and is now updated based on the changes to the Pell Grant program mandated by the FAFSA Simplification Act, which go into effect for the 2024–25 award year.
Pell Grant Lifetime Eligibility Used (LEU) | 2024-2025 Federal …
Aug 25, 2023 · A student’s Pell Grant LEU can limit the student’s Pell Grant eligibility for an award year. For example, since the maximum LEU is 600%, if a student’s Pell Grant award originally was calculated based on an LEU of 550%, then that student’s award would be limited to 50% of the Scheduled Award.
Chapter 2 includes descriptions of the three ways a student may qualify for a Pell Grant starting with the 2024-25 award year: Maximum Pell Grant (Max Pell) Minimum Pell Grant (Min Pell) Calculated Pell Grant, based on the Student Aid Index (SAI) This chapter also discusses the elimination of the Pell Grant Payment and Disbursement Schedules ...
Grants and Programs | U.S. Department of Education
Sep 20, 2024 · From Pell grants to federal work study programs, learn how to find money to pay for a student’s higher education. Find money for college Grants for Birth to Grade 12
Dependent Student Max/Min Pell Grant Eligibility Limits Complete these steps to quickly determine if an applicant falls within Pell Grant eligibility limits: 1. Determine the dependent student’s parent’s state of legal residence; 2. Determine if the student’s parent is a …