The UNITED STATE Department of Education (ED) has dispersed revised Federal Pell Grant Payment and also Disbursement Schedules for the 2018-2019 award year. The brand-new schedules were released through ED’s Dear Colleague Letter GEN-18-04 (DCL GEN-18-04)<1> on April 10, 2018. The recently updated schedules were required due to the passage of the Consolidated Appropriations Act of 2018 (Public Law 115-141), which was signed into regulation on March 23, 2018.

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Crux of the DCL and New Payment Schedules

The brand-new maximum Pell Grant award for 2018-2019 is currently $6,095. The minimum reserved award for a full year for 2018-2019 will certainly currently be $650. The maximum possible intended family contribution (EFC) that an applicant might have and also still obtain some amount of Pell Grant for the award year, if otherwise eligible, is 5486. It is vital that organizations ensure that all 2018-2019 Federal Pell Grant awards are made based upon the “revised” schedules included through DCL Gen-18-04.

(See the end notes at the bottom for links to the 2018-2019 “original” Pell Grant Award Schedule, (2) the 2017-2018 Pell Award Schedule, (3) and the 2016-2017 Pell Award Schedule.(4)

Considerations to Remember

Each year, when determining a student’s potential eligibility for a Pell Grant, it is essential to respeak to numerous points that often might be overlooked:

A student’s full nine-month EFC should be used in determining his or her eligibility, irrespective of the student’s actual time of enrollment throughout the award year.Similarly, the Title IV expense of attendance (COA) provided in determining a student’s award should always be the COA that is based upon the costs of a permanent student for a full scholastic year whether the student is enrolled the full year or not.

CPS Reprocessing

The recently revised 2018-2019 Pell Grant Payment and Disbursement Schedules affect students that may be possibly eligible for a Pell Grant now, e.g., because of the rise in the maximum EFC, etc. Any students whose 2018-2019 FAFSA was submitted and processed prior to the integration of the recently revised Pell Grant schedules right into the CPS System will must be reprocessed to accommodate the revised schedules. This has those students whose 2018-2019 FAFSA documents were recently submitted, and also those who had actually made recent corrections to previously submitted 2018-2019 FAFSAs/ISIRs. ED will certainly make the financial assist neighborhood mindful of once this happens using an Electronic Announcement on IFAP.ed.gov. For even more indevelopment on the influence of implementing the recently revised Pell Payment and also Disbursement schedules, please check out ED’s Electronic Announcement dated April 13, 2018.

Should you have any type of questions regarded the recently revised Pell Grant Payment and Disbursement Schedules, please feel complimentary to call Customer Service via the Client Solution Center.

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<1> Dear Colleague Letter GEN-18-04, UNITED STATE Department of Education (ED), April 10, 2018.<2> Dear Colleague Letter GEN-18-01, UNITED STATE Department of Education (ED), January 31, 2018.<3> Dear Colleague Letter GEN-16-19, U.S. Department of Education (ED), October 18, 2016.<4> Dear Colleague Letter GEN-16-01, UNITED STATE Department of Education (ED), January 29, 2016.

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This product is presented for informational and also educational purposes only and also have to not be taken into consideration to be providing legal advice.