DCLPublicationDate: 1/1/95 DCLID: P-95-1 AwardYear: Summary: This letter contains the 1995-96 Federal Pell Grant Program payment and disbursement schedules. JANUARY 1995 P-95-1 Summary: This letter contains the 1995-96 Federal Pell Grant Program payment and disbursement schedules. FEDERAL STUDENT FINANCIAL AID HANDBOOK REFERENCE: Please refer to Chapter 4 of the 1995-96 Handbook for further assistance. Dear Colleague: Enclosed are the payment and disbursement schedules for determining Federal Pell Grant awards during the 1995-96 award year -- July 1, 1995, to June 30, 1996. The 1995-96 schedules consist of four separate tables for calculating scheduled awards and disbursements for full-time, three-quarter-time, half-time, and less-than-half-time students. The Departments of Labor, Health and Human Services, Education, and Related Agencies Appropriations Act, 1995 ( Public Law 103-333) sets the amount of the maximum Pell Grant award at $2,340 for 1995-96. The appropriations act allocates approximately $6.2 billion for Federal Pell Grant awards in 1995-96. We appreciate your continued support in making Federal Pell Grant assistance available to students. If you have any questions regarding the payment and disbursement schedules or the calculation of awards, please do not hesitate to contact Steve Carter at (202)708-7888. Sincerely, William L. Moran Director, Student Financial Assistance Programs Enclosure |