Summary: This letter provides revised 2018-2019 Pell Grant Program Payment and Disbursement Schedules
Dear Colleague:
On January 31, 2018, in accordance with the provisions of the Master Calendar specified in section 482 of the Higher Education Act, we published the 2018-2019 Federal Pell Grant Payment and Disbursement Schedules as Dear Colleague Letter (DCL) GEN-18-01. At the time of publication, the Pell Grant funding was included as part of a continuing budget resolution (Public Law 115-120) that expired on February 9, 2018. We stated that if subsequent 2018 appropriations legislation modified the current maximum award, we would publish revised 2018-2019 Federal Pell Grant Payment and Disbursement Schedules.
On March 23, 2018, the President signed Public Law 115-141, the Consolidated Appropriations Act, 2018. Under this appropriation, the maximum Pell Grant award will increase to $6,095 for the 2018-2019 award year, and the corresponding maximum Pell Grant eligible expected family contribution (EFC) will increase to 5486. Under section 401(b)(4) of the HEA, the minimum Pell Grant award is ten percent of the maximum award amount for the award year. Because we use midpoints in both the EFC columns and the cost of attendance (COA) rows in constructing the schedules, the actual 2018-2019 award year minimum scheduled award amount will be $650.
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