It made big news last year but this year, schools will have their first real go at year-round Pell and with it, hopes for strong revenue.
Beginning with the 2017-2018 award year, students were eligible to receive up to an additional 50% bump in their Pell Grant funds in an award year. The maximum Pell grant for 2018-2019 has increased to $6,095 due to additional funding from Congress. That can translate to as much as $3047.00 for a student taking a full-time course load this summer.
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 over 100 percent of the student’s Pell Grant scheduled award. This additional funding will help students stay enrolled during summer terms which have typically been left mostly unfunded under the old Pell rules.