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This resource is being maintained for historical purposes only and is not currently applicable.

Federal Pell Grant Program - Contents

AwardYear: 1997-1998
EnterChapterNo: 4
EnterChapterTitle: Federal Pell Grant Program
SectionNumber:
SectionTitle: Contents
PageNumbers:


Introduction . . . . . 1
Updates . . . . . 1

Section 1: Student Eligibility . . . . . 3
General Eligibility Requirements . . . . . 3
Undergraduate Student . . . . . 4
Incarcerated Students . . . . . 5
The EFC and Federal Pell Grant Eligibility . . . . . 5
Documenting the Student's Eligibility for Payment . . . . . 6

Section 2: Calculating the Federal Pell Grant . . . . . 9
Basic Concepts . . . . . 9
Choosing a Formula . . . . . 11
Determining Enrollment Status . . . . . 14
Calculating the Cost of Attendance . . . . . 19
Determining the Annual Award . . . . . 23
Determining the Payment Periods . . . . . 24
Calculating the Payment for a Payment Period . . . . . 29
Checking Remaining Eligibility: Crossover Payment Periods . . . 37
Summer Terms . . . . . 38
Checking Remaining Eligibility: Transfer Students . . . . . 41
Two Mathematical Notes . . . . . 44

Section 3: Special Program Considerations . . . . . 45
Consortium Agreements (Between Eligible Schools) . . . . . 45
Cooperative Education . . . . . 48
Correspondence Study . . . . . 49
Correspondence Study Combined with Regular Study . . . . . 52
Foreign Study . . . . . 53
Job Training (JTPA) Programs . . . . . 53
Remedial Coursework . . . . . 54
Terms with Clock Hours . . . . . 54

Section 4: Disbursing Federal Pell Grant Awards . . . . . 57
School Certification and Student Eligibility . . . . . 57
Methods of Disbursement . . . . . 58
First Payment Options . . . . . 59
Timing of Payments . . . . . 59
Students Who Withdraw and Later Return . . . . . 62

Section 5: Recalculating Federal Pell Grant Awards . . . . . 65
Change in the EFC . . . . . 65
Change in Enrollment Status . . . . . 66
Change in Cost of Attendance . . . . . 67

Section 6: Overpayments and Overawards . . . . . 69
Overpayments . . . . . 69
Financial Aid Transcripts . . . . . 70
Reporting Overpayments Collected . . . . . 71
Problems in Collecting Overpayments . . . . . 71
Preventing Overawards . . . . . 72

Section 7: Reporting Disbursements . . . . . 75
Reporting Methods . . . . . 76
Payment Data . . . . . 77
Specific Payment Data Items . . . . . 78
Reporting Deadlines . . . . . 81
Processed Payment Data . . . . . 83
Reporting Changes . . . . . 85
Student Payment Summary . . . . . 87
Administrative Cost Allowance . . . . . 90
Requesting Funds . . . . . 90

Appendix A: Calculation Summaries by Formula . . . . . 91

Appendix B: Description of the Student Payment Summary . . . . 101

Appendix C: Students Appearing More Than Once on the SPS . . 109

Appendix D: Reconciling Student Payment Data . . . . . 113

Appendix E: 1997-98 Pell Payment and Disbursement
Schedules . . . . .117

Last Modified: 02/26/1998