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2024-25 DRAFT Pell Eligibility and SAI Guide. Introduction. The intent of this document is to provide a preliminary introduction to the new calculation for federal student aid eligibility using the Student Aid Index beginning in the 2024-25 award year.
2024-2025 DRAFT Pell Eligibility and SAI Guide . DRAFT – November 2022 2 . Overview of Pell Grant Eligibility and Scheduled Pell Grant Awards . Beginning in the 2024-25 award year, the Pell Grant scheduled award calculation consists of three steps. Step 1 – Maximum Pell Grant Eligibility
Update on May 19: We replaced the 2024-25 Draft Student Aid Index (SAI) and Pell Grant Eligibility Guide with an updated version. The only substantial change to the guide is a section on applicants exempt from asset reporting.
The following tables can be used to determine if an applicant may be eligible for a maximum or minimum Pell Grant for the 2024-2025 award year. Eligibility is based on the student’s dependency status, family size, student and/or parent adjusted gross income (AGI), and state of legal residence.
The Federal Pell Eligibility and SAI Guide is designed to assist financial aid administrators (FAAs) and software vendors by introducing updated calculations for federal student aid eligibil-ity, including the new Pell Grant calculations, using the Student Aid Index (SAI) beginning in the 2024-25 award year.
Resources. 2024-25 Pell Eligibility & SAI Guide. Previously known as the EFC Formula Guide and Federal Pell Grant Payment and Disbursement Schedules. Draft version released on January 30, 2024. Reverted to this version again on March 1, 2024. Final Version. 2024-25 FSA Handbook, Vol. 7. Published February 28, 2024.
Federal Student Aid (FSA) on Monday released the 2024-25 Draft Student Aid Index (SAI) and Pell Grant Eligibility Guide, which contains details about the transition from the expected family contribution (EFC) to SAI and the methodology for determining eligibility for federal student aid.