Pell Grant Duration of Eligibility Limitation资格限制奖学金期限.pptxVIP

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Pell Grant Duration of Eligibility Limitation资格限制奖学金期限.pptx

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Pell Grant Duration of Eligibility Limitation资格限制奖学金期限

Pell Grant Duration of Eligibility Limitation Carney McCullough Marie Fitzpatrick U.S. Department of Education Agenda 2 Limitation on Pell Eligibility Calculating Reduced Awards Liability for Exceeding the 600% LEU Max Timely Reporting Pell Award History Pell LEU Information for Students Pell LEU in COD Pell LEU COD Edits Pell LEU on COD Reports Pell LEU Dispute Guidance Pell LEU Dispute Process Limitation on Pell Eligibility 3 The Consolidated Appropriations Act, P.L. 112-74 was enacted on December 23, 2011. Duration of a student’s Federal Pell Grant eligibility is limited to 12 semesters (or its equivalent) Effective beginning with the 2012-2013 award year Not limited to students who received their first Federal Pell Grant on or after the 2008-2009 award year Includes all Pell Grant/Basic Grant disbursements back to the 1973-1974 award year Limitation on Pell Eligibility 4 How is the 12 semester equivalent determined? Twelve semester equivalency is calculated by adding the annual percentages of a student’s scheduled award that was disbursed to the student The total of the annual percentages is the student’s Pell Grant Lifetime Eligibility Used (LEU) limit When a student reaches 600% LEU, he/she has reached his/her Federal Pell Grant eligibility limit Calculating Reduced Awards How to calculate a student’s Pell Grant eligibility when the student has: LEU of 500% or Less: A student with an LEU of 500% or less is eligible to receive up to 100 percent of the full Scheduled Award for the award year, since the student has at least 100% LEU remaining. LEU of 600% or More: A student whose Pell LEU is 600% or more may not receive additional Pell Grant funds. 5 Calculating Reduced Awards LEU of Greater Than 500% But Less Than 600%: A student with an LEU of greater than 500% but less than 600% is not eligible to receive a full Scheduled Award, but may receive a partial Pell Grant award of the difference between 600% and the student’s LEU. 6 Calculating Reduce