Celebrity Fed, Jeff Baker announced that the maximum Pell Grant for the 2017-2018 award year will be $5,920.00, an increase of $105.00 from the 2016-2017 maximum Pell Grant award amount. According to the oddly short announcement posted on the IFAP website on September 30, 2016, FSA plans to publish the Pell Grant Payment and Disbursement Schedules by the middle of October and implement system, web and software modifications that will reflect the 2017-2018 awards thereafter.
The Early FAFSA is just a few months away and has had many a FA office stressing out a bit as they scramble to get ready for the October 1, 2016 launch.
In case you missed it – Beginning with the 2017-2018 cycle, the FAFSA will not only be available to students and families three months earlier, it will also collect income information from the tax/calendar year one year earlier than has been used in the past. Thus for the 2017-2018 FAFSA, students and families will provide “Prior-Prior-Year” (PPY) income information from calendar year 2015 and not from calendar year 2016. Fortunately, almost all tax return filers will be able to electronically transfer their tax information directly into their FAFSA by using the IRS Data Retrieval Tool (DRT). Continue reading PPY FAFSA Verification and Use of Professional Judgment Authority