Summary: This letter contains the 1996-97 Federal Pell Grant Program payment and disbursement schedules.
Summary: This letter contains the 1996-97 Federal Pell Grant
Program payment and disbursement schedules.
FEDERAL STUDENT FINANCIAL AID HANDBOOK
REFERENCE: Please refer to Chapter 4 of the Federal Student
Financial Aid Handbook for further assistance.
Enclosed are the payment and disbursement schedules for
determining, at this time, Federal Pell Grant awards during the
1996-97 award year -- July 1, 1996 to June 30, 1997. The 1996-97
schedules consist of four separate tables for calculating scheduled
awards and disbursements: full-time, three-quarter-time, half-time,
and less-than-half-time students.
Section 482 of the Higher Education Act of 1965, as amended,
requires the Secretary to publish these schedules by February 1,
1996. Please be aware, however, that we are publishing these
schedules during a period of uncertainty about the final outcome of
the fiscal year 1996 budget for the Department of Education,
including the Federal Pell Grant Program.
These schedules are based on the Continuing Resolution
(P.L.104-99) making further continuing appropriations
through March 15, 1996, for the Departments of Labor,
Health and Human Services, and Education. The continuing
resolution provides for a maximum Pell grant of "at least
$2,440". Thus, the enclosed Federal Pell Grant Program
payment and disbursement schedules for 1996-97 are
calculated using a $2,440 maximum award. All other aspects of the
Pell Grant award calculation remain as in the 1995-96 award year,
including maintaining a minimum award of $400, which translates
into a maximum expected family contribution of $2,240.
The maximum award of $2,440 is less than the Administration has
proposed, and the Administration is actively seeking Congressional
approval of a higher level. If subsequent legislation increases the
maximum award above $2,440, we will publish a new set of
We appreciate your continued support in making Federal Pell Grant
assistance available to students. If you have any questions regarding
the enclosed payment and disbursement schedules for the calculation
of awards, please contact Steve Carter at (202) 708-4893.
Elizabeth M. Hicks
Deputy Assistant Secretary,
Student Financial Assistance Programs