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PRASFAA 2009 Fall Conference

PRASFAA 2009 Fall Conference

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PRASFAA 2009 Fall Conference

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  1. PRASFAA 2009 Fall Conference October 16, 2009

  2. Year Round Pell Raul M. Galvan Federal Student Aid Special Initiative Services

  3. Year Round Pell is a Nickname Old Law A Pell recipient will receive up to ONE scheduled award in an award year New Law A Pell recipient will receive up to TWO scheduled awards in an award year Effective 2009-10 award year funds PRWR2SAAY YRP

  4. Year Round Pell • The Statute HEOA • Guidance for 2009-10 • GEN 08-12 • Webinars and presentations • NPRM – PROPOSED!! • Final Regs expected November 1, 2009 • Effective 2010-11

  5. Year-Round Pell Grant • Students may receive up to two scheduled Pell Grants during an award year • For receipt of the first scheduled award, student may be at any enrollment status • For receipt of any money beyond the first scheduled award, student must be enrolled at least half-time

  6. Term-Based Calculation BeforeYear-Round Pell Grant Old Rule: One Scheduled Award per Award YearStudent’s Scheduled Award is $4,000 in both award years Fall 2009$2,000 Spring 2010$2,000 100% 2009-10 AY 2009-10 Award Year Summer 2010$2,000 Fall 2010$2,000 Spring 2011$0.00 100% 2010-11 AY 2010-11 Award Year

  7. Term-Based Year-Round Pell Grant New Rule: Up to Two Scheduled Awards per Award YearStudent’s Scheduled Award is $4,000 in both award years Fall 2009$2,000 Spring 2010$2,000 Summer 2010$2,000 150% 2009-10 AY 2009-10 Award Year Fall 2010$2,000 Spring 2011$2,000 Summer 2011$2,000 150% 2010-11 AY 2010-11 Award Year

  8. Term-Based Year-Round Pell Grant New Rule: Up to Two Scheduled Awards per Award Year Student’s Scheduled Award is $4,000 for the award year Summer 2009$2,000 Fall 2009$2,000 Spring 2010$2,000 Summer 2010$2,000 2009-10 Award Year 200% 2009-10 AY

  9. One Scheduled Award Per Award Year Academic Year One Scheduled Award’s Funds Spent on Academic Year One Scheduled Award’s Funds Available for Award Year Award Year

  10. Two Scheduled Awards Per Award Year Academic Year Academic Year 2nd Scheduled Award’s Funds available when 1st is spent 1st Scheduled Award’s Funds Spent on AY Year Two Scheduled Awards’ Funds Available for Award Year Award Year

  11. Two Scheduled Awards Per Award Year • Crossover payment periods will still exist • Starts in one award year and ends in the next • Pell funds are linked to an award year • G5 must know what year’s funds are being drawn down • Student must be eligible for that year’s funds • Pell eligible ISIR Effective July 1, 2009

  12. Year-Round Pell Grant • Effective with the 2009-2010 award year • 09/10 maximum scheduled award is $5,350 • For receipt of the first scheduled award, student may be at any enrollment status • For receipt of money from the second scheduled award, student must be enrolled at least half-time

  13. Year-Round Pell Grant • Schools will continue to calculate the payment using scheduled award for award year • Not two scheduled awards • Schools will be able to pay a student up to a maximum of 200% of the scheduled award for the award year

  14. Year-Round PellSummer 2009 Implementation • Summer 2009 is cross-over term if it includes both 6/30/09 & 7/01/09 • School has option: • Use 2008-2009 funds • Pay using student’s remaining 08/09 scheduled award OR • Not pay because student has no 08/09 scheduled award remaining OR • Use 2009-2010 funds • Pay using student’s 09/10 scheduled award

  15. Year-Round PellSummer Mini-Sessions • Standard term programs using Pell formula 1 or 2 count the summer term as a standard term • May consist of mini-summer terms/sessions which are combined and handled like a standard term • Full-time for the combined summer terms/sessions must be defined as 12 credits • Length of summer terms/sessions does not matter

  16. Year-Round PellSummer Mini-Sessions • School with standard terms has 4 summer mini-sessions • Session I: May 4 – June 5 • Session II: May 18 - June 19 • Session III: June 8 – July 10 • Session IV: July 6 – Aug 7 • School combines all 4 sessions into one 14 week summer term (May 4 – Aug 7) • Summer is a crossover payment period • Students may take courses in any session and still are enrolled in the combined summer term

  17. Year-Round PellSummer Mini-Sessions • Student A enrolls only in Sessions I and II • May 4 – June 19 • Student B enrolls only in Sessions III and IV • June 8 - August 7 • Student C enrolls only in Session IV • All are considered to be enrolled in combined term that starts May 4 and ends August 7 • Assuming valid ISIR for both 08/09 and 09/10, may be paid Pell from either award year

  18. Student A: Attends only Sessions I and II May 4 to Jun 5 May 18 toJune 19 All mini-sessions combined as one standard term Student B: Attends only Sessions III and IV June 8 to July 1 July 6 toAug 7 All mini-sessions combined as one standard term Student C: Attends only Session IV July 6 toAug 7 All mini-sessions combined as one standard term 08-09 award year 09-10 award year July 1, 2009 18

  19. Year-Round PellSummer Mini-Sessions • Nonstandard term programs using Pell formula 3 • Do not combine mini-summer terms/modules • Full-time for the mini-summer terms/modules is not defined as 12 credits • Length of summer terms/modules does matter for determining amount of Pell

  20. Student A: Attends only Sessions I and II May 4 to Jun 5 May 18 toJune 19 All mini-sessions combined as one standard term Student B: Attends only Sessions III and IV June 8 to July 1 July 6 toAug 7 All mini-sessions combined as one standard term Student C: Attends only Sessions IV July 6 toAug 7 All mini-sessions combined as one standard term 08-09 award year 09-10 award year July 1, 2009 20

  21. COD and Year-Round Pell • New field added to COD record • Additional Eligibility Indicator (AEI) • School sets AEI to “true” on origination record when awarding any part of second scheduled award • AEI student will not trigger POP MRR but will trigger concurrent enrollment MRR

  22. Proposed Regulations for 2010-11 • NPRM published August 21, 2009 • Comment period has closed • Final will be published on or about November 1, 2009

  23. NPRM - Year Round Pell • To receive a second scheduled award, student must • Successfully complete credit or clock hours of the first academic year in the award year • Enroll in an eligible program leading to a bachelor’s or associate degree or other recognized educational credential • Enroll at least as a half-time student

  24. NPRM - Year Round Pell • School may waive requirement to complete hours of the academic year • Must be due to circumstances beyond the student’s control • Must be determined and documented on individual basis • May include circumstances such as illness or classes not offered • Does not include withdrawing to avoid a grade or failing to register for offered class

  25. NPRM - Year Round Pell: Transfers • Assume completed first academic year if received all of first Scheduled Award at prior institution • If less than first Scheduled Award was received, assumption that student completed the same ratio of the academic year as the % of Pell received

  26. NPRM - Year Round Pell: Crossovers • Full-time or three-quarter-time • Must assign a crossover payment period to award year in which student receives greater payment at time payment is initially calculated • Must reassign if subsequent information shows greater payment would result • Half-time or less • May assign to either year • Must assign if student requests to maximize benefits over 2 award years

  27. NPRM - Year Round Pell: Payment from Second Award • Payment for payment period is greater than balance of first Scheduled award • Payment is remaining amount of first Scheduled Award plus an amount from second Scheduled Award for the balance of the payment

  28. Other Pell IssuesNot Related to YRPEffective This Year or Earlier

  29. Maximum Duration of Eligibility • Limits Pell eligibility to 18 semesters • Department equivalent is 9 scheduled awards • Applies only to students who are first-time Pell recipients in the 2008-2009 award year or after • Students enrolled less than full-time will be assessed at the fractional enrollment status

  30. Maximum Duration of Eligibility • COD will track student usage • Percentage used available in COD and NSLDS beginning July 2009 and will appear on the ISIR beginning in 2010-2011

  31. Maximum Duration of Eligibility Student’s Pell disbursements based Percentage Used on enrollment status per payment period 787.5% 2008-09 Fall 2008FT Spring 2009FT = 100% Fall 2009TQT Spring 2010TQT Summer 2010TQT 112.5% = 2009-10 Fall 2010HT Summer 2011HT Fall 2011HT = 75% 2010-11 Summer 2014FT Fall 2014FT Spring 2015FT Summer 2015FT 200% = 2014-15 Fall 2015FT Spring 2016FT Summer 2016FT = 150% 2015-16 = 2016-17 Fall 2016FT Spring 2017FT Summer 2017FT 150%

  32. Maximum Pell Eligibility For Dependents of Military Personnel Killed in Iraq/Afghanistan • Effective 2009-2010 only for those who have Pell eligible EFC on processed FAFSA • Match with Defense in progress • Until match in place • patricia.lyles@ed.gov • New field added to COD website • Post 9-11 Deceased Veteran Dependent Indicator

  33. Contact Info • Raul Galvan • Special Initiative Services • United States Department of Education • Federal Student Aid • Dallas Regional Office • 214 661 9455 • raul.galvan@ed.gov