Pell Grant Calculations for Clock Hour Programs
Pell Formula 4 40 41 Formula 4 •Five steps in the formula 1. Determine enrollment status 2. Calculate Pell COA 3. Determine annual award 4. Determine payment periods 5. Calculate payment for the payment period 42 Formula 4 –Step 1 •Determine Enrollment Status –Always use full-time payment chart, but –Ask yourself: •Is student at ... ................
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