However, we do encourage that you visit our Virtual Lobby should you feel that changes to your course load were a result of an extenuating circumstance. ODVjYzMwOWFiNGQ1MzlkZWQ2MmNiNDQzMTBiODc4YjYwYjQ5NjI0YWM3NTRk Financial aid received may be required to be reported to the IRS. FALL 2 022 - SPRING 2023 . You must be actively enrolled in at least 6 units. This is Not what I need this late in the year prior to graduation, Facts About FAFSA, Pell Grant Pay Backs and Refunds, Maximize Financial Aid With California FAFSA: A Step-By-Step Guide, Everything You Need to Know about the Cal Grant, Everything You Need to Know About Second Chance Pell Grant, FAFSA Eligibility and Requirements for 2023-24. NTVhYWRkNzc5NmIyMGRjNjlkY2E1NzFkY2Y4NTE5ZWIwZDVlODY4YTBjZDlk Financial Aid Disbursement Schedule Pell Grant, State Aid, Loan & Institutional Scholarship Refund Processing Dates Spring 2023 Refund Schedule Summer 2023 Refund Schedule Contact (228) 896-2536 questions@mgccc.edu Answer Center Hours Monday - Friday 8:00 am - 5:00 pm Want to attend MGCCC? 2022 - 2023 Disbursement E-Mail Notices You will be notified by e-mail approximately one week before your financial aid payment is disbursed. 2022 II. This situation could change at any time pending further action by Congress. To learn more, see Dear Colleague Letter GEN-17-06. -----BEGIN REPORT----- All 2021-2022 Federal Pell Grant awards must be based on the attached schedules. Y2RkYWJkNGU2YTZjMDVhYWQ3ZTU5ODJhNGJlYWVmMzBkZDIwOTQzMGQ5MjBk . NTU0N2VjZjZhZjMwODA5MWM5ZTAzMjZiYzU4MmYzYTBiNDliNjdhZjE3NTk4 Federal Student Loans are required to be disbursed in two payments and will be disbursed following the freeze date. -----BEGIN REPORT----- The first ACA payment for the 202223 award year is based on records that the COD System has processed from the start of the Pell Grant 202223 award year up to the date that we process the first ACA payments for the 202223 award year. Students will not be eligible to receive a refund on every scheduled disbursement date. For the first grant dates shown, please verify or update your maiiling address or Direct Deposit by August 18, 2022 by 5:00pm first Fall 2022 semester disbursement. Students on Financial Aid Probation or in Maximum Timeframe status without an approved appeal must wait until their file is reviewed and approved by the Financial Aid Office. If you believe Wordfence should be allowing you access to this site, please let them know using the steps below so they can investigate why this is happening. As mentioned above, an overview of FAFSA Simplification Act changes for implementation in 2023-2024 can be found in Dear Colleague Letter GEN-22-15. If your mailing address or Direct Deposit information is correct, no further action is required. We appreciate your continued support in making Federal Pell Grant Program assistance available to students. Student receives funds and withdraws from all classes prior to completing 60% of the term. Yzg5YTI3NzhmYzgyZjJkNmZjNzRiMGRlOTUwZGIyMzBiMzUwYzk3ZjdjMTg5 Your access to this site was blocked by Wordfence, a security provider, who protects sites from malicious activity. If you withdraw from all classes, drop below half-time, or fail all of your classes, you may be required to repay all or part of the financial aid you received. It is also important to note that the statutory restrictions of using only certain cost components in constructing a COA in some circumstances still apply. Any financial aid grants or scholarships not used for school related purposes, is considered taxable income. You will only receive 50% of this amount, $500 ($1000 x .5) on the first disbursement and 50%, $500 ($1000 x .5) on the second Pell disbursement. We began processing the Pell Grant ACA payments for all schools on Feb. 23, 2023. Why did I only receive 25% of my semester award? Changes taking effect in award year 2024-2025 under the FAFSA Simplification Act and the FAFSA Simplification Act Technical Corrections Act will be covered in future Dear Colleague Letters and electronic announcements. There is a help menu if needed. ZGQ4YjQyZjlkYjgyMmU1OGRjMDRiNWY0M2FjZTUwM2UyZTVlMzlhZmNiMzdh What if I am not enrolled in the appropriate number of units to be eligible for an award? 100% of the semester amount *Cal Grant. Please allow 2-3 business days from the date of disbursement for funds to be available at your banking institution. FALL 2022 Disbursement & Cutoff Schedule The following schedule outlines the disbursement and cutoff dates for Fall 2022 term. YmM1ZDY0MGM3ZGYyMjY5M2ZiMDY0ZDk5NTYzZjkwY2JlYWI5ODk5M2NlNGZh Any financial aid used for tuition, fees, books, supplies, and school related equipment are EXEMPT from being considered taxable income. You may also email CODSupport@ed.gov. The first Cal Grant disbursement will occur the week of FA census date for every term. This school year, the deadline for application and disbursement schedule for Pell Grant 2022-2023 is 30th June 2023. Pell Grant Eligibility Chart Fall 2022 (Pell ONLY) YzA3YTI5OWVhNmQ1NWNmNDgzZDE2MzIifQ== The Cal Grant disbursement dates are estimated based on the date we expect to receive Cal Grant funds from the State. Students MUST select a refund preference with BankMobile Disbursements. ZGYyMWVkM2QyOTVhMTkwZTUyMjU3ZTBiODljZjg4YjU0MTA3N2I3NjJhOGE4 First Pell Grant Administrative Cost Allowance Payments for 202223 Award Year. Pell grants and scholarships for students enrolled in 15 week and 2nd 8 week courses. We will publish the 2022-2023 Federal Pell Grant Payment and Disbursement Schedules by Feb. 1 in accordance with section 482 of the Higher Education Act of 1965, as amended (HEA). For additional information on the LEU limitation see Dear Colleague LetterGEN-13-14and Volume 3, Chapter 3 of the Federal Student Aid Handbook. Nevertheless, you should be aware that the funding currently made available under P.L. Last Grant Disbursement of the 2021-2022 Award Year, First Fall Disbursement First Year First Time Loan Borrower** Disbursement, Last Fall Only Loan DisbursementDisbursement, Last Spring Only or Fall/Spring Loan DisbursementDisbursement, Last Grant Disbursement of the 2022-2023 Award Year. Winter session 2020 and Spring 2021 aid disbursement will begin January 4, 2021. Institutions should also be aware of guidance regarding the Children of Fallen Heroes Scholarship which extends maximum Federal Pell Grant eligibility for certain students who have a Pell Grant-eligible EFC and who had a parent or guardian die while serving as a public safety officer. Follow the directions in the application. 2023-2024 Federal Pell Grant Payment and Disbursement Schedules in PDF Format, 18 Pages, 578KB, 2023-2024 Federal Pell Grant Payment and Disbursement Schedules in Excel Format, 208KB, 2023-2024 Federal Pell Grant Payment and Disbursement Schedules. The email will include your financial aid payment amount and the date of disbursement. Educational institutions have never revealed a deadline or an ideal time to pass Pell Grant applications, leaving students and their parents almost clueless. . Also, the Title IV COA to be used is always based on the costs for a full-time student for a full academic year, regardless of the actual enrollment status or actual time the student will be enrolled during the award year. For more information, visit this link: BankMobile Disbursements Refund Choices . The enrollment status of the student at the time that funds are prepared for disbursement will be used to determine the payment amount. ZWU5YWVmZDVmZmExY2ZmNzdkYTc5YzM3NDhkYmNmYmNhNzYyMTUyODA2MzI4 Summer 2022 Financial Aid Disbursement Schedule . . You should also be aware of guidance on the Children of Fallen Heroes Scholarship, which extends maximum Federal Pell Grant eligibility for certain students who have a Pell Grant-eligible EFC and who had a parent or guardian die while serving as a public safety officer. So, parents and students must always be on their toes and pass their applications for the Pell Grant on the earliest day possible. Students returning to take courses who have previously earned credit at the university. It is mandatory you check your Inside BC and college emails at least once a week. But first, let us discuss what a Pell Grant is. These funds may be used only to defray the costs of administering the Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal Work-Study, and Federal Perkins Loan programs. For summer 2022 you may be eligible for half of your Pell Grant if you enroll in 6 units (half-time). YjM4MjJmYWNlNTA2OTZiZTc5MDY5MjVhODUxMTFkOGFjZjg1ZTk3NGY0MmQ5 2022, is to disburse aid for Fall 2023) November 3 . Upon receive your loan disbursement, should you decide to cancel all or portions of your loan within 120 days from the day of the disbursement, you must: Submit a written notification indicates that you are requesting to cancel portion or all of your loan to the Financial Aid & Scholarship Office. But one thing that most parents do not know is that there is actually an ideal date to pass the application. . Some colleges would set different schedules. You may also email edcaps.user@ed.gov. In order to receive your grant disbursement on the published date your financial aid eligibility must already be determined at least 10 business days before the published disbursement date. ODYxODNjYTdkNmU2MmI3YmUzNjI2ZGJjNjFmMjM3Zjc2OGIxZjc4MGNiODgw California Promise Grant (BOG) will be awarded to the student (if eligible) to cover tuition costs. Grants; Federal Work Study; Loans. We appreciate your continued support in making Federal Pell Grant Program assistance available to students. Y2Y4ODc3NzcyNWY2MzhiN2M5MWM0YTU2ZTc3MDNhNmM0MTI0YmQyYmI2NzM3 Disbursement Dates . NWVmYTY2NTFkMTRiN2Q3M2JhYzgyOGY2M2RmZWQ5NWY4ZmNmNTA4ZWQ1MDk3 For additional information on the LEU limitation, see Dear Colleague Letter GEN-13-14 and Volume 7 of the 2023-2024 FSA Handbook (formerly in Volume 3, Chapter 3 of the 2022-2023 FSA Handbook). Fall and Spring Pell grants are disbursed in two payments per semester. Students who withdraw from all classes after April 4, 2023 will have earned 100% of their Federal award for Spring 2023. This letter provides the 2023-2024 Pell Grant Program Payment and Disbursement Schedules. The amount granted to the student is determined by the calculations based on the information given by the student upon filling up the FAFSA form and passing a copy of the familys EFC or Expected Family Contribution. The Promise Grant doesNOTcover the mandatory Health Fee or any class material fees. Financial Aid Disbursement Schedule: 2021-2022 (Please keep this schedule in a convenient place for future referral) Federal financial aid [Pell grant] first disbursement is scheduled to be paid on these dates: Fall 2021 Term Sep. 16 [debit card] Sep.17 [check] Spring 2022 Term Feb. 03 [debit card] Feb. 04 [check] It is your responsibility to review all Financial Aid Policies. full-time, three-quarter time, half-time, less than half-time). Because we use mid-points in both the EFC columns and the cost of attendance (COA) rows in constructing the schedules, the actual 2021-2022 award year minimum scheduled award amount will be $650. Units for classes that begin the second nine weeks of the semester will not be paid until you begin the class (October 7th disbursement for the Fall and March 10th disbursement for the Spring). For example, for a less-than-half-time student, the COA includes only cost components for tuition and fees, books, course materials, supplies, and equipment, transportation, food and housing for a limited time period, and dependent care expenses. Undergraduate and graduate sessions are typically scheduled to begin on Wednesday, so the earliest possible disbursement date is the Tuesday prior to the start of class (eight days). The first loan disbursement for new . NASFAA has released updated, estimated 2022-23 Pell Grant payment and disbursement schedules, as the fiscal year 2022 spending bill, which included a $400 increase to the maximum 2022-23 Pell Grant award, is awaiting President Joe Biden's signature after passing both chambers of Congress. Check processing begins 15 days prior to the Disbursement Date. Summer Pell Grant. Fall 2022. Supplemental disbursement generates throughout the academic year. If your award includes a Loan and you choose to accept it, you will receive disbursement instructions during the Loan Counseling Session or from your loan award notification. In order to receive your grant disbursement on the published date your financial aid eligibility must already be determined at least 10 business days before the published disbursement date. Therefore, if you make changes to your course load after this date, you will not see an increase/decrease to your total financial aid for the Fall 2022 term. If you never attended, you will be billed for these funds and if they are not promptly repaid, you may be sent to a collection agency. Also, note that a students eligibility to receive a Federal Pell Grant award may be limited by the statutory provision in section 401(c)(5) of the HEA that sets a lifetime Pell Grant eligibility limit of 12 semesters (or its equivalent). You filed an Appeal Form to reinstate your financial aid with results indicating that the Fall semester was the final semester we could assist you. February 28, 2023. Those who were successful in their 2022-2023 application can get their Spring disbursements sometime from March to June 2023. Grant and loan funds . For purposes of financial aid, enrollment status is defined as outlined in the table below. A schools total number of Pell Grant unduplicated recipients, used in the calculation of the ACA payment, includes students with at least one reported accepted actual disbursement (Disbursement Release Indicator or DRI equals True) in the Common Origination and Disbursement (COD) System. Section 401(b)(4) of the Higher Education Act of 1965, as amended (HEA), establishes the minimum Pell Grant award to be 10 percent of the maximum award amount for the award year. Richard Cordray Disbursement of Grant and Loan Funds for LATE START classes. If you are requesting a loan for only one semester, your loan may have to be paid in two disbursements. See the Electronic Announcement published onNovember 19, 2018 to learn more about this scholarship. recalculation may result in repayment of funds already disbursed as a result of the reduction in units following the disbursement of Pell Grant funds. ZWZhZDJhZTEwN2E4OTU2YzQ5ODA3NzYzNjhhMjZkMzUzZjFkOTU1M2Q0ZWVh SEOG. I would like to know How a Pell Grant gets rescinded?! Nevertheless, you should be aware that the funding currently made available under P.L. 3. Under these continuing appropriations, for the 2022-2023 award year, the maximum Pell Grant award remains fixed at $6,495 and the corresponding maximum Pell Grant eligible expected family contribution (EFC) remains fixed at 5846. M2ZjMGE4YWNhNDY0NTg3NjE4NTdkZjYzMzk0YjQ5ZGJiY2VkNDAxNjM0Nzdi Attached to this letter are both PDF and Excel versions of the Payment and Disbursement Schedules for determining Federal Pell Grant awards for the 2021-2022 award year (July 1, 2021 through June 30, 2022) for full-time, three-quarter-time, half-time, and less-than-half-time students. Do not exaggerate the numbers. Disbursement schedules vary from college to college. MzQ4YTg4NzUxOGZiYmJjYjk3MWJlMDUwOTIyMDE4OTVlNjM5N2RmOWUzNTlj This school year, the deadline for application and disbursement schedule for Pell Grant 2022-2023 is 30th June 2023. A student enrolled less-than-half-time would not be eligible to receive Pell Grant funds for that crossover payment period if the funds are assigned to award year 2023-2024. A: The processing of your financial aid disbursement begins 15 days before the actual disbursement date. What should I do if I have already received financial aid from another college or university for the same semester? However, the Pell Grant is not a loan. Adjustments can be made to initial Cal Grant disbursements based on increases to student enrollment load. Out-of-state students are disbursed once a semester. You will be notified by e-mail approximately one week before your financial aid payment is disbursed. Q. Instructions on how to use your email. Enrollment status is: All semesters/terms have the same enrollment status, including summer session. It is mandatory you activate your district assigned e-mail account. A: You may not receive financial aid from two institutions for the same semester/term. A: Your Pell Grant award amount on WebAdvisor is based on full-time enrollment. YWVhZWUwM2JlYTM3YjE2Njk1NjQ4MTIzM2IyYzI2MzgwNjEwYzc0M2I5ZDE5 eyJtZXNzYWdlIjoiYzg4MTE2YzQzY2VlYzA0NTIyMWExMmI5NDNhY2U1ZDY0 If your award letter shows, with the exception of the California College Promise Grant , that you have been offered assistance for the Fall semester only, it is because: Direct Deposit is now available for Financial Aid payments. All: All: MDY1MDVkNWNkYzc2YmU3MzNmZWU3OTM2ZjIxMjkyY2ZiMzlmZDIxYWQ3ZDU1 Some colleges would set different schedules. This just proves how hard it is to send a child to school. This is a form of student financial aid that took its name from US Senator Claiborne Pell. There are cases where parents pay higher tuition than they should because of a shortage of aids. ZWUwMGE3ZWExNDYwOGM2NTNkMDY1NDRhZTM0NmNhMDJlOTAwMzA0MDllNDVi Please contact a Tax Advisor or specialist for assistance. NGNhMDM3ZDQ2NDE5NGQ0MTFmNTZmMGUxYzg2M2YzNjZiYzdjNGFkNTI3Yzhh April 11, 2023. Federal regulations REQUIRE that College of the Canyons disburse financial aid funds ONLY for classes that have already begun. Check the start date of your classes. Student loans are disbursed in TWO PAYMENTS per semester. If you are requesting a loan for the final semester of your academic program, your approved loan amount may be prorated. If the. August 19, 2022 - 1st disbursement 50% (For students with Satisfactory Academic Progress of Good or New) September 9, 2022-Make-up first disbursementSeptember 23, 2022 - 2nd disbursement 25% October 21, 2022 - 3rd disbursement 25% December 16, 2022 - Make-up disbursement. MzMwMzJlZTcyYTNiMGZhNDQ5N2RmMGQ5MTcxMzAyNDU2NjJmODU1ZjViNjkz Federal Student Aid, 2022-2023 Federal Pell Grant Payment and Disbursement Schedules. For additional information, see Dear Colleague Letter GEN-17-06. YjZkMjVlYjNmZGU1ZWMzYWMyYjQ0NmEzOWM1MDliYjI2ZmQ0YmQ4ODNmNDlj Pell grant disbursements are often given per season, in batches. Pell Grants will be disbursed in two payments each semester . Also, the Title IV COA to be used is always based on the costs for a full-time student for a full academic year, regardless of the actual enrollment status or actual time the student will be enrolled during the award year. M2IxNzIwNzIxNDRiOTgwNWQxMDI4YmZmNzBkZTk1NWJkODlmY2M2NzkwMTc4 OTJkYjNlMWMzY2NjMjI1ZjgwNTQwNzhkNzdjMTEyMGFmNzk5YjFhYzY3NzFk 2021-2022 Federal Pell Grant Payment and Disbursement Schedules in PDF Format, 372 KB, 16 Pages2021-2022 Federal Pell Grant Payment and Disbursement Schedules in Excel Format, 2021-2022 Federal Pell Grant Payment and Disbursement Schedules, The attachments to this letter contain the 2021-2022 Award Year Federal Pell Grant Program Payment and Disbursement Schedules, (GEN-21-01 ) You will be notified of the overpayment by e-mail, If you are not enrolled full-time, your Pell Grant will be prorated according to the proration chart below, If your annual Pell Grant Award is less than $945, you may not qualify if you are attending less than full-time (12 units), If your annual Pell Grant Award is less than $2845, you may not qualify if you are attending less than half-time (6 units). Loans will be disbursed in three installments fall and spring terms and two installments during the summer session. Processing time during peak periods may take up to 6-8 weeks from the time . Please contact the Financial Aid Office for your specific second disbursement date. NDA3YTY4MWRiZWU3ODNmM2JmZGUzNzlhMzliNzllYmQ1NjlmZDM0ZGRlOTIy These include changes tothe Central Processing System (CPS), the Institutional Student Information Record (ISIR) Analysis Tool, the Common Origination and Disbursement (COD) System, and the EDExpress for Windows software. Nevertheless, you should be aware that the funding currently made available under P.L. YTgwMWFjZWE3MTcxYmM0NzM3MzRjZmM1OGM4NTAxNzFmNjdhZDdkZjA1NTI4 For more information on these COA restrictions, please refer to Volume 3, Chapter 2, of the Federal Student Aid Handbook. A: Your Pell Grant award amount on WebAdvisor is based on full-time enrollment. Read Also: Small Business Grants In Colorado. Please be aware that any change in your enrollment may affect your Pell Grant amount. An institution must submit Pell Grant, Iraq and Afghanistan Service Grant, Direct Loan, and TEACH Grant disbursement records to COD, no later than 15 days after making the disbursement or becoming aware of the need to adjust a previously reported disbursement. Usually, parents think that the earliest possible date to pass their EFC for their childs Pell Grant application is February 1st. Please make sure to check your Palomar student email for any updates or requests. At each payment, you will receive a single payment from all programs listed on your Financial Aid Award Notification indicated for that date. 2020-2021 Award Year Deadline Dates for Reports and Other Records Associated With the Free Application for Federal Student Aid (FAFSA), the Federal Supplemental Educational Opportunity Grant (FSEOG) Program, the Federal Work-Study (FWS) Programs, the Federal Pell Grant (Pell Grant) Program, the William D. Ford Federal Direct Loan (Direct Loan) Program, the Teacher Education Assistance for . If you do not receive your check as scheduled, please read the Question and Answer section below before contacting the Financial Aid Office. During the Summer 2023 Semester, the Pell Grant is awarded based on the number of hours that the student is enrolled in and attending as of June 26, 2023. The Department of Education strives to make all content accessible to everyone. Summer disbursements will be different in that loan funds will not be disbursed at the beginning of the semester. Section 401(b)(4) of the Higher Education Act of 1965, as amended (HEA), establishes the minimum Pell Grant award to be 10 percent of the maximum award amount for the award year. It is mandatory that you activate your e-mail account. ZGZmYzJiY2E2MWE3YjZhNDMwODZhMzYyYWI4NjUxY2JiMzllIiwic2lnbmF0 ZDExYzA5NjllNGM5ZGRmZGRmNDFiZjc5Yzg4YzEzMWQyYzc1YWFlNWJlMzA3 Institutions should also be aware of guidance regarding the Children of Fallen Heroes Scholarship, which extends maximum Federal Pell Grant eligibility for certain students who have a Pell Grant-eligible EFC and who had a parent or guardian die while serving as a public safety officer. Second Schedule Disbursement: Pell: Half: Nov 3, 2022 : SEOG: All : EOPS: All : Cal Grant: All: Corrections *If you did not receive any of the previous disbursements. A student will be included in the calculation even if there is a full recovery of the entire Pell Grant award. *New Student: A newly enrolled student that was not attending courses at the start of the Spring 2023 term. NzAyOGE4NTJmY2UzODk0YmVjZDk3MzE2NDg4NTg3ZGE4ZjNkMjYwNjJjOWEx 117-70 expires on Feb. 18, 2022, unless Congress acts to extend it. Below is the Federal Pell Grant eligibility chart to determine what percentage of the Pell grant you are eligible for based on your enrollment status. Read Also: Do You Have To Pay Back Government Grants. Financial Aid disbursements will be delayed, canceled, or reduced for students who are disqualified from financial aid because of lack of Satisfactory Academic Progress . (GEN-22-03) However, they are two different types of aid, and the disbursements actually come in at different times. With the release of the 2021-2022 Free Application for Federal Student Aid (FAFSA) on October 1, 2020, the Department is providing the Pell Grant Payment and Disbursement Schedules so that institutions may inform students and their families of their potential eligibility for a Federal Pell Grant. Pell Grant and Direct Loan are divided into ODA2ZTQxN2ZkNDQyZWQ5MDlhMWNhODg4MDJiNDk2OWRiYmNkZDdlYmMxYjAz YzUzYjY4MTgyMWE1ZjVlNWEwYTQyOWNlMmE0MDZjZDU4OGY3MDc2OWZiMjBi All 2022-2023 Federal Pell Grant awards must be based on the attached schedules. Educational institutions have never revealed a deadline or an ideal time to pass Pell Grant applications, leaving students and their parents almost clueless. Check your Chaffey email periodically for updates. Payment for late starting classes will not be issued until the class begins. Dont Miss: Government Grants For Air Conditioning. NDIxNzFiODg5NTBmNGY1NTI2MGIwNjg5ZThjZGIxMWNiZDg0YzllNGM5NmNm SPRING 2023 Financial Aid Disbursement Schedule Out-of-state students will receive any remainder from their financial aid once unpaid fees are automatically paid first. The maximum Pell Grant award for the 2021-2022 award year is $6,495, and the corresponding maximum Pell Grant eligible expected family contribution (EFC) is 5846. Direct deposit sign-ups and address changes can be made inSelf Service. Yzc5MzQ0NGI4ZWU4ODUwY2UxMTg4N2FiOThlYmNhNmViZDdlMjU1ODQyMjlj Hours enrolled after September 19, 2022 will be reviewed on case-by-case basis. IMPORTANT: Financial aid is disbursed according to Need and number of units in which you are enrolled. A: If you owe a repayment of financial aid funds, tuition, child care fees, or other college fees, your financial aid will be applied to any outstanding debts to the college. YjY4NGMyMWIzZjg3MTgzMGZmMzM4ZDRmYjU2ODZjZTZmNWQyYmU0OGM1OTkz To be eligible for the additional Pell Grant funds, the student must be otherwise eligible to receive Pell Grant funds for the payment period and must be enrolled at least as a half-time student, as defined in 34 CFR 668.2(b), during the payment period for which the student receives the additional Pell Grant funds in excess of 100 percent of the students Pell Grant scheduled award. Hussain Shoaib is an author and digital marketer with expertise in financial aid and education. The Census Date (Freeze Date) is July, 1, 2022. The amount granted to the student is determined by the calculations based on the information given by the student upon filling up the FAFSA form and passing a copy of the familys EFC or Expected Family Contribution. Financial Aid Disbursement Schedule 2021-2022. Why am I not being paid for this class? Since there are a lot of students and parents rooting to get a grant, then the earliest you could pass the application requirements, the better. The quickest way for you to access your financial aid funds is to sign up for direct deposit through WebAdvisor.