Calculating Pell Grants | 2023-2024 Federal Student Aid Handbook

Pell Grant scheduled awards are based on the 9-month Expected Family Contribution (EFC) on the student’s valid SAR or ISIR, the academic year structure (see Volume 3, Chapter 1), and the cost of attendance (COA) for a full-time student for a full academic year (see Volume 3, Chapter 2). The Scheduled Award … See more

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Calculating Annual Awards Using Pell Grant Formulas | 2023-2024 …

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Aug 25, 2023 · The student's full-time annual award for 2023-2024 is $7,395 (based on an EFC …

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Federal Pell Grants - Federal Student Aid

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The maximum Federal Pell Grant award is $7,395 for the 2024–25 award year (July 1, 2024, to …

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Counselors And Mentors Handbook On Federal Student Aid

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The student is eligible for $5,945 in federal grants and $1,000 in institutional grant aid. Since these are need-based awards, subtract the total ($6,945) from the student’s financial need ($8,000) to determine remaining need. $8,000 of financial need – $6,945 of grant aid = $1,055 remaining need.

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Calculating Pell Grants - FSA Partner Connect

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Pell Grant awards for 2023-2024 The maximum Pell Grant award for 2023-2024 is $7,395 (see …

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FAQs about Calculating Pell Grants | 2023-2024 Federal Student Aid Handbook Coupon?

What is the maximum Pell Grant Award for 2023-2024?

The maximum Pell Grant award for 2023-2024 is $7,395 (see the “Year-Round Pell and Iraq and Afghanistan Service Grant” section in Chapter 5 of this volume on how a student may be eligible to receive up to an additional 50% of their scheduled award). The maximum eligible EFC for the 2023-2024 award year is 6656. ...

When does the 2024-25 Pell Grant year start and end?

For example, the 2024-25 award year begins July 1, 2024, and ends June 30, 2025. The student’s Scheduled Award is established by the school using the student’s Pell Grant COA and the information received on the student’s ISIR, which will include the student’s Pell Grant eligibility and SAI. ...

Will Pell grant payment and disbursement schedules be used in 2024-25?

Pell Grant payment and disbursement schedules previously published by the Department will not be used in the 2024-25 award year and thereafter. The annual award is the maximum amount a student would receive during a full academic year based on enrollment intensity and COA. ...

How are Pell grant awards determined in 2024-25?

Pell Grant awards in 2024-25 will be determined by using the appropriate Pell Grant formula, enrollment intensity, COA, and SAI. A correctly determined Pell Grant is never adjusted to account for other forms of aid. ...

What is the maximum Pell grant amount?

Every year, the federal government updates the maximum Federal Pell Grant award amount. For the 2024–25 award year, the maximum Pell Grant award is $7,395. These funds can be used to pay for school-related expenses at eligible two-year community colleges, career schools, trade schools, online schools, and four-year colleges and universities. ...

What if the calculated Pell Grant is less than the CoA?

Since the calculated Scheduled Award is less than the Pell COA, the school determines the student is eligible for a Scheduled Award of $6,495. If the student’s calculated Pell Grant is greater than the Min Pell amount and the student’s COA, the Scheduled award will be the same value as the student’s COA (not rounded). ...