Pell LEUs ISFAA佩尔核国际艺术品鉴定者协会.pptxVIP

Pell LEUs Tracking and Enforcing New Limits Presented by: Sheryl Ross-Mahoney, USA Funds Jenny Stephens, Indiana University With input, support and inspiration from Sue Allmon, WGU Federal Pell Grants - A Brief History Today’s Federal Pell Grant Program came into being as the Educational Opportunity Grant in 1965. ISFAA Winter Conference, December 2012 2 Federal Pell Grants - A Brief History Today’s Federal Pell Grant Program came into being as the Educational Opportunity Grant in 1965. In 1972, it was renamed the Basic Educational Opportunity Grant with a maximum award of $452. ISFAA Winter Conference, December 2012 3 Federal Pell Grants - A Brief History Today’s Federal Pell Grant Program came into being as the Educational Opportunity Grant in 1965. In 1972, it was renamed the Basic Educational Opportunity Grant with a maximum award of $452. 1980 Reauthorization of the Higher Education Act - BEOG was renamed Pell Grant after Senator Claiborne Pell of Rhode Island. ISFAA Winter Conference, December 2012 4 HEOA Pell Grant Limits The HEOA, enacted on August 2008, made two major changes in the Federal Pell Grant Program: ISFAA Winter Conference, December 2012 5 HEOA Pell Grant Limits 1) Limits Pell Grants to up to 18 semesters or its equivalent for students who first receive a Pell Grant on or after July 1, 2008? 2) Allowed for ‘Year Round Pell’ capped at 200% of scheduled award ISFAA Winter Conference, December 2012 6 In April 2011… The Department of Defense and Full-Year Continuing Appropriations Act repealed the provision for a 2nd Pell Grant Scheduled Award Effective for 2011-12 aid year ISFAA Winter Conference, December 2012 7 In December, 2011… Congress passed an omnibus spending bill for fiscal year (FY) 2012 with a new limit of 12 full-time semesters with no provision for prior recipients Effective for 2012-13 aid year ISFAA Winter Conference, December 2012 8 Lifetime Eligibility Used (LEU) April 2012 – DOE began sending weekly reports to schools id