The Federal Pell Grant Program self-study guide begins with a brief discussion of how the FAFSA Simplification Act changed the way the grant is calculated and disbursed. Additionally, a review of terminology and concepts important to understanding the packaging process for the grant program is provided. Building on this foundation, the next two lessons detail how to select the correct formula to calculate Pell Grant amounts and illustrate the calculation process. The guide concludes with a discussion of additional considerations, including the treatment of summer terms, determining eligibility for transfer students, and recalculations. Completion of this self-study guide qualifies individuals to take the corresponding NASFAA Professional Credential test.
Lesson 1: Introduction to Federal Pell Grant Program
Lesson 2: Selecting the Appropriate Formula: Term-Based Programs
Lesson 3: Selecting the Appropriate Formula: Clock-Hour and Nonterm Credit-Hour Programs
Lesson 4: Additional Considerations