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AwardYear: 1997-1998 EnterChapterNo: 4 EnterChapterTitle: Federal Pell Grant Program SectionNumber: SectionTitle: Contents PageNumbers: Introduction . . . . . 1 Updates . . . . . 1 Section 1: Student Eligibility . . . . . 3 General Eligibility Requirements . . . . . 3 Undergraduate Student . . . . . 4 Incarcerated Students . . . . . 5 The EFC and Federal Pell Grant Eligibility . . . . . 5 Documenting the Student's Eligibility for Payment . . . . . 6 Section 2: Calculating the Federal Pell Grant . . . . . 9 Basic Concepts . . . . . 9 Choosing a Formula . . . . . 11 Determining Enrollment Status . . . . . 14 Calculating the Cost of Attendance . . . . . 19 Determining the Annual Award . . . . . 23 Determining the Payment Periods . . . . . 24 Calculating the Payment for a Payment Period . . . . . 29 Checking Remaining Eligibility: Crossover Payment Periods . . . 37 Summer Terms . . . . . 38 Checking Remaining Eligibility: Transfer Students . . . . . 41 Two Mathematical Notes . . . . . 44 Section 3: Special Program Considerations . . . . . 45 Consortium Agreements (Between Eligible Schools) . . . . . 45 Cooperative Education . . . . . 48 Correspondence Study . . . . . 49 Correspondence Study Combined with Regular Study . . . . . 52 Foreign Study . . . . . 53 Job Training (JTPA) Programs . . . . . 53 Remedial Coursework . . . . . 54 Terms with Clock Hours . . . . . 54 Section 4: Disbursing Federal Pell Grant Awards . . . . . 57 School Certification and Student Eligibility . . . . . 57 Methods of Disbursement . . . . . 58 First Payment Options . . . . . 59 Timing of Payments . . . . . 59 Students Who Withdraw and Later Return . . . . . 62 Section 5: Recalculating Federal Pell Grant Awards . . . . . 65 Change in the EFC . . . . . 65 Change in Enrollment Status . . . . . 66 Change in Cost of Attendance . . . . . 67 Section 6: Overpayments and Overawards . . . . . 69 Overpayments . . . . . 69 Financial Aid Transcripts . . . . . 70 Reporting Overpayments Collected . . . . . 71 Problems in Collecting Overpayments . . . . . 71 Preventing Overawards . . . . . 72 Section 7: Reporting Disbursements . . . . . 75 Reporting Methods . . . . . 76 Payment Data . . . . . 77 Specific Payment Data Items . . . . . 78 Reporting Deadlines . . . . . 81 Processed Payment Data . . . . . 83 Reporting Changes . . . . . 85 Student Payment Summary . . . . . 87 Administrative Cost Allowance . . . . . 90 Requesting Funds . . . . . 90 Appendix A: Calculation Summaries by Formula . . . . . 91 Appendix B: Description of the Student Payment Summary . . . . 101 Appendix C: Students Appearing More Than Once on the SPS . . 109 Appendix D: Reconciling Student Payment Data . . . . . 113 Appendix E: 1997-98 Pell Payment and Disbursement Schedules . . . . .117 |