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Pell & Campus-Based Programs

Pell & Campus-Based Programs. Marcos Mendez . 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;

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Pell & Campus-Based Programs

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  1. Pell & Campus-Based Programs Marcos Mendez

  2. Federal Pell Grant

  3. Pell Grant • Undergraduate, prior to earning first Bachelors/Professional degree (includes foreign degrees) • Postbaccalaureateprogram • 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

  4. 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

  5. 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

  6. Pell Grant • 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

  7. 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

  8. 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

  9. 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

  10. Campus-Based Programs

  11. Campus-Based Programs The campus-based programs: • Federal Supplemental Educational Opportunity Grant Program (FSEOG) • Federal Work-Study Program (FWS) • Federal Perkins Loan Program

  12. 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

  13. 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

  14. FSEOG Program Program-specific requirements: • Student eligibility • Minimum and maximum award amounts • Selection groups criteria

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

  16. 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

  17. 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

  18. 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

  19. 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

  20. 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

  21. Federal Perkins Loan Program Loan repayment benefits: • Deferment • Forbearance • Cancellation • Discharge

  22. Federal Perkins Loan Program • Failure to repay can result in default • A borrower may rehabilitate a defaulted loan only once

  23. Questions?? Marcos Mendez Texas A&M University Athletics Financial Aid Coordinator 979-458-5364

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