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Bookmark or Share- Calculating Pell Grants | 2024-2025 Federal Student Aid HandbookPell Grant Scheduled Awards are based on information provided on the FAFSA form, the presence of a valid Student Aid Index (SAI) on the student’s FAFSA Submission Summary or ISIR, the academic year structure (see Volume 3, Chapter 1), and the Pell Grant cost of attendance (COA) for a full-time student for a full academic year (see Volume 3, Chapter 2).
- Student Aid Index (SAI) and Pell Grant EligibilitySAI for Maximum Pell Grant Recipients. A dependent student whose parents are not required to file a federal income tax return OR an independent student (and spouse, if applicable) who is not required to file a federal income tax return for the prior-prior tax year is assigned an SAI equal to -1500.
- 2024-2025 Federal Pell Grant Maximum and Minimum Award Amounts (Updated ...Under section 401(a)(2)(F) of the HEA, as amended, the minimum Pell Grant award is ten percent of the maximum award amount for the award year. Further, under section 401(b)(1)(B)(ii), Federal Pell Grant awards should be rounded to the nearest $5. Therefore, the Federal Pell Grant minimum award amount for 2024-2025 is $740.
- 2025 26 Student Aid Index (SAI) and Pell Grant Eligibility GuideThe Student Aid Index (SAI) and Pell Grant Eligibility Guide is designed to assist financial aid administrators (FAAs) and software vendors by introducing updated calculations for federal stu-dent aid eligibility, including the Pell Grant calculations, using the Student Aid Index (SAI) for the 2025-26 award year.
- Student Eligibility for Pell Grants | 2024-2025 Federal Student Aid ...If a Pell-eligible student withdraws from one institution but meets one of the Return of Title IV Funds (R2T4) withdrawal exemptions and subsequently enrolls at a different institution during the same payment period, the new institution can award Pell Grant funds for any remaining portion of the overlapping payment period. See Chapter 6 of this ...
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