PELL & CAMPUS-BASED PROGRAMS

FEDERAL PELL GRANT

PELL GRANT• Undergraduate, prior to earning first Bachelors/Professional degree

(includes foreign degrees)

• Postbaccalaureate program• the program does not lead to a graduate degree;• the school offering the program does not also offer a bachelor’s

degree in education;• the student is pursuing an initial teacher certification or licensing

credential within a state; and• consists of the courses required by a state to receive a professional

certification or licensing credential necessary for employment as a teacher in an elementary or secondary school in that state

• Amount of Pell is linked to EFC, enrollment, and school’s COA• See chart

• Student may be eligible for payment at any enrollment status

PELL LEU

• Pell Lifetime Eligibility Unit• Students limited to 600% in lifetime Pell award• 100% = two full semesters at full-time enrollment

• Pell LEU is tracked in COD• Person Search – click on Pell link

PELL LEU

• Students who have received over 500% in lifetime eligibility at the end of the 1213 award year will have reduced eligibility for the 1314 award year• ISIR contains comment code regarding Pell LEU• 346 – student is close to lifetime eligibility (over 500%)• 347 – student has reached lifetime eligibility (600%) or is

over• Other comment codes related to PELL LEU exist for

students who are under 500% and are displayed on SAR for student

PELL GRANT

• An initial calculation is the first calculation of a student’s Federal Pell Grant award.• The institution must use the current, documented

enrollment status (may be a projected status).• If no date documented, the date of initial

calculation is the later of:• Processed date of the initial SAR or ISIR, or• Date the student enrolls

PELL GRANT

• Earliest possible date is date of receipt of an EFC from an ED product (assuming Pell Payment Schedule has been issued), such as:• SAR or ISIR with an official EFC (processing date)• FAA Access EFC• FAFSA on the Web EFC

• School may choose a later date such as completion of verification

PELL GRANT• Pell can be recalculated when:• Enrollment status changes between terms

• Student never begins attendance in one or more classes

• Lump sum payment according to work completed in prior payment periods• Must use final enrollment status of prior terms with no disbursements

• If final enrollment status for the term is different from initial calculation, must recalculate

• Include in enrollment status only courses completed (includes earned F’s and incompletes)

• Cannot include drops or withdrawals in enrollment status

PELL GRANT-INSTITUTIONAL OPTIONS

• Recalculations for changes in enrollment status• Recalculates for all changes in enrollment status during the

term• Does not recalculate for changes in enrollment status at any

time in a term after initial calculation (assumes student has begun all classes)

• Does not recalculate after a Pell recalculation date

PELL GRANT-INSTITUTIONAL OPTIONS

• May have a Pell recalculation date• For term• By course

• A student’s ultimate Pell recalculation date for the term is the Pell recalculation date of the last course the student attends or is expected to attend

• If a student drops, withdraws from, or adds a class before Pell recalculation date, must recalculate based on any change in enrollment status through that Pell recalculation date

ZERO EFC TREATMENT OR IRAQ & AFGHANISTAN SERVICE GRANT

• Zero EFC Treatment• Otherwise Pell eligible• Parent/guardian dies in military service in Iraq or Afghanistan

after September 11, 2001• Use zero EFC for packaging Federal Student Aid

• Iraq and Afghanistan Service Grant• Non Pell eligible EFC• Award amount equal to maximum Pell award• Not considered estimated financial assistance for packaging• Cannot exceed COA

CAMPUS-BASED PROGRAMS

CAMPUS-BASED PROGRAMS

The campus-based programs:

• Federal Supplemental Educational Opportunity Grant Program (FSEOG)

• Federal Work-Study Program (FWS)

• Federal Perkins Loan Program

SCHOOL PARTICIPATION IN CAMPUS-BASED PROGRAMS

• Must be approved to participate

• Annually must complete Fiscal Operations Report and Application to Participate (FISAP) to:

• Apply for funds for next award year

• Report previous award year expenditures

CAMPUS-BASED PROGRAMS COMMON PROVISIONS

• Matching requirement• Transfer of funds between programs• Carry-forward and carry-back options• Use of funds for independent students and part-

time students• Administrative Cost Allowance (ACA)• Underutilization of funds

FSEOG PROGRAM

Program-specific requirements:

• Student eligibility

• Minimum and maximum award amounts

• Selection groups criteria

FWS PROGRAM

Program-specific requirements:• Student eligibility• Award amounts• Use of funds• Eligible employment• Payments to students• Community service

FEDERAL WORK-STUDY PROGRAM

• If school does not meet community service expenditure requirements, it must return FWS funds to ED

• Amount returned is difference between what school should have spent and amount actually spent for community service

FEDERAL WORK-STUDY PROGRAM

Community service positions:• Services designed to improve the quality of life

for community residents, particularly low-income individuals, or to solve particular problems related to their needs

• Except for support services offered by the school to its students with disabilities, all on-campus positions must be for services that are open and accessible to the community

FEDERAL PERKINS LOAN PROGRAM

• To receive a Federal Perkins Loan, student must demonstrate a willingness to repay the loan

• Delinquency or default on a previous student loan indicates student is unwilling to repay new loan

FEDERAL PERKINS LOAN PROGRAM

• School must use either paper Federal Perkins Loan Master Promissory Note (Perkins MPN) or electronic version of the note (eMPN)

• Student may choose to use the MPN as either a single or multiple award year note, if school offers multiple year MPN

FEDERAL PERKINS LOAN PROGRAM

School must provide certain loan information called pre-disbursement disclosures before making the first disbursement of a loan for an award year

Exit counseling is required before a borrower ceases at least half-time attendance

FEDERAL PERKINS LOAN PROGRAM

Loan repayment benefits:• Deferment

• Forbearance

• Cancellation

• Discharge

• Failure to repay can result in default• A borrower may rehabilitate a defaulted loan only

once

PERKINS

• Need-based loan• Federal Loan, Institution acts as Lender and

Servicer• Interest Rate: 5%• Grace period: 9 months• Maximum repayment term: 10 years• Undergraduate and Graduate students are

eligible

PERKINS LOAN LIMITS

Undergraduate annual limit $5,500

Undergraduate Aggregate limit$27,500

Graduate annual limit $8,000

Graduate Aggregate limit$60,000

QUESTIONS?