This program has been suspended effective with the 2011-2012 academic yearAs a part of the Higher Education Opportunity Act of 2008, the U.S. Department of Education authorized institutions of higher education to award a second Pell Grant award to eligible Pell students. The following outlines provisions of the policy and the process in which Our Lady of Holy Cross College will process this additional award:
The following are some examples in determining a student's eligibility to receive a second Pell award:
Jane is eligible to receive $5,350 in Pell grant funds (the maximum for 2009 - 2010). She completes 13 credit hours in the Fall and 12 in the Spring. The entire award is disbursed to her. She then enrolls for 6 credit hours in the Summer.
Based on this, Jane is eligible to access the second award.
John is scheduled for a maximum Pell award of $3,000 for the year. He receives the entire award based on him completing 12 hours in the Fall and 9 hours in the Spring. In the Summer he takes 6 hours.
Based on this information, John is eligible to access the second award.
Paul is scheduled for a maximum Pell award of $3,500 for the year. He receives the entire award based on him completing 12 hours in the Fall and 6 hours in the Spring. In the Summer he takes 6 hours.
Because Paul is completing his first academic year, he is not eligible to access the second Pell award.
Federal regulations take effect July 1, 2010. However, schools must still implement the year-round Pell program as of July 1, 2009.
In determining eligibility for year-round Pell for the 2009 - 2010 academic year, Our Lady of Holy Cross College will only review eligible 2009 - 2010 FAFSAs.