2020-2021 FEDERAL PELL GRANT PAYMENT AND DISBURSEMENT SCHEDULES

The 2020-2021 Federal Pell Grant Payment and Disbursement Schedules are here. This year the Federal Pell Grant has increased to $6345.00 for students with a zero EFC, up $150.00 from 2019-2020. The minimum Pell Grant award also increased to $639.00 for students with an expected family contribution (EFC) of 5711.

Although $6345.00 is the maximum Pell Grant scheduled award for the 2020-2021 award year, beginning with the 2017-2018 award year, a student may 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-20-01.

NEW 2019-2020 FEDERAL PELL GRANT PAYMENT AND DISBURSEMENT SCHEDULES

2019-2020 FEDERAL PELL GRANT PAYMENT AND DISBURSEMENT SCHEDULES RELEASED

The 2019-2020 Federal Pell Grant Payment and Disbursement Schedules are here. On September 28, 2018, the President signed the 2019 HELP appropriations act, Public Law (P.L.) 115-245 which included an increase to the maximum Pell Grant award. For the 2019-2020 award year, the maximum Pell Grant award is $6195.00 for students with a zero EFC. The minimum Pell Grant award also increased to $650.00 for students with an expected family contribution (EFC) of 5576.
Although $6195.00 is the maximum Pell Grant scheduled award for the 2019-2020 award year, beginning with the 2017-2018 award year, a student may be eligible to receive Pell Grant funds for up to 150 percent of the student’s Pell Grant scheduled award for an award year. 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-19-01.

IMPLEMENTATION OF REVISED PELL GRANT PAYMENT SCHEDULES

PLEASE NOTE: The Consolidated Appropriations Act of 2018, was passed and signed into law at the end of March. This appropriation included an increase in the maximum Pell Grant award. For additional information including up to date Pell Grant Disbursement and Payment Schedules, please click here.

Because of the maximum EFC increase for 2018–19 in the revised schedules, some applicants (those with EFCs greater than or equal to 5329 and less than or equal to 5486 who would not have been Pell Grant eligible using the old schedules) are now Pell Grant eligible for the 2018–19 Award Year. As such, ED systems such as the Central Processing System (CPS) and the Common Origination and Disbursement Websites needed to be updated.

ED is working to finalize the schedule for CPS implementation of the revised Pell charts and will provide specific details about upcoming SAR/ISIR reprocessing that will occur to process revise ISIRS with corrected EFCs. Meanwhile, COD has already been updated. All 2018–19 Pell Grant records sent to the COD System before the update were evaluated by the COD System using the old schedules and will need to be corrected for the revised Pell charts.  For more information and operational implementation guidance, check out this electronic announcement from FSA.

REVISED PELL CHARTS RELEASED WITH INCREASED AWARD LEVELS

The Consolidated Appropriations Act of 2018, was passed and signed into law at the end of March. This appropriation included an increase in the maximum Pell Grant award. The Maximum Pell Grant Award for the 2018-2019 award year will increase to $6,095.00, and the corresponding maximum Pell Grant eligible expected family contribution (EFC) will increase to 5486.  The minimum Pell Grant award also went up to $650.00 for 2018-2019. Because of the maximum EFC increase for 2018-19 in the revised schedules, some applicants particularly those with EFCs greater than or equal to 5329 and less than or equal to 5486 who would not have been Pell Grant eligible using the old schedules, are now Pell Grant eligible for the 2018-19 Award Year. You can get your revised 2018-2019 Award Year Pell Grant Payment Schedules (aka Pell Charts) here. Happy Packaging!