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By Larry Vu Public Law 112-74 Called Consolidated Appropriation Act of 2012 Passed in December 2011 Amended HEA section 401(c)(5) reducing.

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Presentation on theme: "By Larry Vu Public Law 112-74 Called Consolidated Appropriation Act of 2012 Passed in December 2011 Amended HEA section 401(c)(5) reducing."— Presentation transcript:

1 By Larry Vu

2 Public Law Called Consolidated Appropriation Act of 2012 Passed in December 2011 Amended HEA section 401(c)(5) reducing Federal Pell Grant from 18 semesters to 12 semesters Includes all years student received Pell

3 4 Categories of Pell LEU Student not on the report LEU greater than 450% but less than or equal to 500% LEU greater than 500% but less than 600% LEU 600% or higher

4 Common Origination Disbursement (COD) Originally received PELL LEU here Now through Central Processing System (CPS) COD warning edit % ≤ X ≤ 600% COD warning edit 178 X ≥ 600% COD is the system of record for the Pell Grant LEU

5 ISIR Comment codes 345 High 346 Close to LEU limit 347 Meet or exceed the LEU limit 348 Are no longer close to or exceeding the LEU limit SAR C Flag is set with 346 and 347

6 File From Department of Education Original SSN First 2 letter of last name Transaction number CPS date processed Primary EFC Last name First name Middle initial Date of Birth Current SSN LEU address School code

7 Example "Original SSN","Original Name Code","Transaction Number","CPS Date Processed","Primary Expected Family Contribution","Applicant Last Name","Applicant First Name","Applicant Middle Name","Applicant Date of Birth","Current Social Security Number","Lifetime Eligibility Used","Student's Address","Federal School Code" ,“MO","01", ,0.00,“MOUSE",“MICKEY",“L", ,“MO","02", ,0.00,“MOUSE",“MINNIE",“M",

8 Example Original SSN Original Name Code Transaction Number CPS Date Processed Primary Expected Family Contribution Applicant Last Name Applicant First Name Applicant Middle Name Applicant Date of Birth Current Social Security Number Lifetime Eligibility Used Student's Address Federal School Code MO12/1/20130MOUSEMICKEYL6/5/ ahoo.com MO2 3/14/201 30MOUSEMINNIEM6/5/ mail.com1928

9 Calculating Pell LEU Identify EFC and determine annual amount Pell Disbursement / Scheduled award = Annual percentage 600% minus student’s percentage = Pell amount available Pell not necessarily split evenly

10 Example For , Johnny has a 0 efc. He is only attending your school and he is a full time student for both semesters. He is at 525% of his Pell LEU. How much Pell should your school award Johnny?

11 Answer 600% – 525% = 75% 5645 x 75% = Fall semester Johnny receives $2, Spring semester Johnny receives $1, If your school rounded the Fall semester to $2,823, you will need to reduce your spring to $1,410 to stay under the 600%

12 More Pell No minimum amount award 0 efc with % is $ efc with % is $1 Check before disbursing Pell 15 days to report Pell adjustments to COD

13 Disputing Pell LEU Accuracy Documentation from the institution stating student never attended or never received Pell there If your school believes COD is not correct, contact Federal Student Aid’s COD School Relations Center at Schools should not escalate the matter if the dispute does not reduce it to less than 600%

14 Disputing Pell LEU Accuracy If an error is found ( ), school must make corrections to COD and return the funds to G5 Before 2008 aid year, contact or 1-

15 What Students Need To Do Current year FAFSA Provide all documentation requested by the school including a signed and dated statement with: Current school School with inaccurate Pell Award year and disputed amount Reason the student believes Pell is inaccurate

16 What Schools Should Do with a Dispute Check the Pell LEU on COD Would the dispute bring the Pell LEU under 600%? Check student’s date of birth and SSN if there is discrepancy on either of these two items, the case should be escalated Check for errors at your school and other schools You will need to contact other school to determine if there was an error


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