The 2021-2022 Federal Pell Grant Payment and Disbursement Schedules are here. This year the Federal Pell Grant has increased to $6495.00 for students with a zero EFC, up $150.00 from 2020-2021. The minimum Pell Grant award also increased to $650.00 for students with an expected family contribution (EFC) of 5846.
Although $6495.00 is the maximum Pell Grant scheduled award for the 2021-2022 award year a student may also be eligible to receive Pell Grant funds for up to 150 percent of the student’s Pell Grant scheduled award for an award year under the rules for Year-Round Pell grants. To be eligible for the additional Pell Grant funds, the student must be otherwise eligible to receive Pell Grant funds for the payment period and must be enrolled at least as a half-time student, as defined in 34 CFR 668.2(b), in the payment period(s) for which the student receives the additional Pell Grant funds in excess of 100 percent of the student’s Pell Grant scheduled award. For additional information see Dear Colleague Letter GEN-21-01
FSA also reminded institutions about the Children of Fallen Heroes Scholarship, which gives eligible students maximum Pell Grant eligibility. Students whose parent of guardian dies in the line of duty or while serving as a public service officer are eligible. Additional Information is available in an Electronic Announcement from November 2018 here.
FSA also reminds schools that the Higher Education Act sets a lifetime Pell Grant limit equivalent to 12 semesters of Pell Grant eligibility. The Lifetime Eligibility Used (LEU) indicator can help you spot students who are close to meeting this limit. For additional information on the LEU limitation see Dear Colleague Letter GEN-13-14 and Volume 3, Chapter 3 of the Federal Student Aid Handbook.