Will ED Be Releasing Federal Pell Grant Payment and Disbursement Schedules For 2024-25?

No. There will be no Federal Pell Grant Payment and Disbursement Schedules (tables) that have been used in the past; those calculations are system-driven beginning in 2024-25. Instead, the U.S. Department of Education (ED) will be releasing the following to assist schools, students, and college access professionals:

Minimum and Maximum Pell Amounts: Dear Colleague Letter GEN-24-01 announces the minimum and maximum Federal Pell Grant award amounts for 2024-25. Note that that the Dear Colleague Letter states, "If Congress acts to modify the current maximum award for 2024-2025, we will publish revised maximum and minimum award amounts."

Pell Look-Up Tables: These are look-up charts mainly for families and college access professionals, including financial aid administrators for counseling purposes. The final 2024-25 Student Aid Index (SAI) and Pell Eligibility Guide Is now available. 

A draft copy can be found in the 2024-25 Draft Student Aid Index (SAI) and Pell Grant Eligibility Guide Supplement – Eligibility for Max or Min Pell Grant Resource in PDF Format. The charts provide family size, adjusted gross income (AGI) limits, and Federal Poverty Guidelines using the calculation percentages in the law, so the individual can easily see if the student is likely to be eligible for maximum Pell or minimum Pell (but not amounts in-between). This is a supplement to the final 2024-25 Student Aid Index (SAI) and Pell Eligibility Guide and will be repurposed on the Student Aid Toolkit. It only details minimum and maximum Pell with no speculation on the “in-between” amounts calculated by SAI.

Enrollment Intensity Explainer: This is the 2024-25 Draft Student Aid Index (SAI) and Pell Grant Eligibility Guide Supplement – Pell Formulas and Enrollment Intensity in PDF Format. This tool is also a supplement to the SAI/Pell eligibility guide that will help schools understand the calculations. Pell for less-than-full-time students will be calculated based on a percentage of the student's credit hours or clock hours (enrollment intensity) and not by the more general three-quarter-time, half-time, and less-than-half-time categories used in the past. Additional information about the Pell formulas and calculating Pell for less-than-full-time students can be found in this supplement.

Note: At the time of this publication, the some of these tools were in draft form, so be on the lookout for final versions when released.