Specifically, we will send an Electronic Statement of Account (ESOA) (Message Class PGAS23OP) that reflects the ACA payment amount to the reporting schools Student Aid Internet Gateway (SAIG) mailbox. The Financial Aid Office cannot determine the taxable amount of your financial aid. For individual information, we recommend that students refer to their Financial Aid Award Notification Email, which is sent to their Butte College email account after their file is completed. Generally, Pell Grant and loan funds are scheduled to disburse around the same time. YmY0OWE3Y2NhNSIsInNpZ25hdHVyZSI6Ijg1N2ZlN2MyMWYzZmQwZTM0MzY1 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. The Pell payment will be based upon enrollment status (full time, three-quarter time, half-time, less than half-time) at the time of the calculation. ZDk4MDgxYjFjODYyNzE5MmZmNjIzYmQ4ZTAyZDUxNjBmZWQyZDFmYTMyMDBm 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. At each payment, you will receive a single payment from all programs listed on your Financial Aid Award Notification indicated for that date. If you do not receive your payment within ten days from the date indicated above, please verify that you have selected a refund preference with BankMobile Disbursements and that the address in your profile is accurate. Federal regulations REQUIRE that College of the Canyons disburse financial aid funds ONLY for classes that have already begun. The first loan disbursement for new . Pell Grant is generally paid in two disbursements per semester (one at the beginning of the semester, the other around the mid-point of the semester). Financial Aid Office receives any information that changes your eligibility, your check could be held or cancelled. Pell Grant and Cal Grant awards are prorated, based on enrollment. Submitting early may secure a bigger chance of receiving a Pell Grant and getting the right disbursement according to what is due depending on the calculation of your EFC. If you are borrowing student loans, you WILL NOT receive your loan funds until you have BEGUN ATTENDING at least 6.0 units . Some colleges would set different schedules. Student receives funds and withdraws from all classes prior to completing 60% of the term. During the Spring 2023 Semester, the Pell Grant is awarded based on the number of hours that the student is enrolled in and attending as of February 13, 2023. 2022 II. 2022 - 2023 Disbursement E-Mail Notices You will be notified by e-mail approximately one week before your financial aid payment is disbursed. We appreciate your continued support in making Federal Pell Grant Program assistance available to students. If you paid your enrollment fees, and then were awarded a fee waiver, apply for a refund at the Business Office or online. 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). Spring 2023 Disbursement Schedule. Fall 2021 Semester; Month: Deadline Date: Anticipated Disbursement Date: August 2021: 08/13/2021: 08/23/2021: 08/20/2021: 08/27/2021: 08 . In future electronic announcements, we will address system, web, and software modifications that will reflect the 2022-2023 Pell Grant Payment and Disbursement Schedules. FALL 2 022 - SPRING 2023 . As a reminder, in using the attached schedules for awarding a Federal Pell Grant to a student, the full nine-month EFC must always be used regardless of the students actual period of attendance. If your mailing address or Direct Deposit information is correct, no further action is required. YzgyOWY0ZWQ2YjJkZmY0YWNjMjllNDNkYjY3NmJmMTY0MmM5YmVkZDkzMDNl Payment of Pell, and Cal Grant are prorated based on a student's enrollment status per term. See the Electronic Announcement published onNovember 19, 2018, for more information regarding this scholarship. 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. 2021-2022 Federal Pell Grant Payment and Disbursement Schedules, 2021-2022 Federal Pell Grant Payment and Disbursement Schedules in PDF Format, 372 KB, 16 Pages, 2021-2022 Federal Pell Grant Payment and Disbursement Schedules in Excel Format. What is the Income Limit for FAFSA 2023-24. 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. It is mandatory you check your Inside BC and college emails at least once a week. Some colleges would set different schedules. It is your responsibility to review all Financial Aid Policies. (GEN-22-03) Generated by Wordfence at Sat, 4 Mar 2023 4:40:51 GMT.Your computer's time: document.write(new Date().toUTCString());. If you are enrolled in classes that begin later in the term, you WILL NOT receive grant or loan funds for those classes until after they have started. You may also email CODSupport@ed.gov. Please note that new students* who have just registered for a late start course can still be awarded Pell, the Promise Grant Fee Waiver and potentially more if they enroll now. NDA3YTY4MWRiZWU3ODNmM2JmZGUzNzlhMzliNzllYmQ1NjlmZDM0ZGRlOTIy The ideal date to pass the application for a Pell Grant is on the 1st day of January or any nearest day possible to it. Although $6,495 is the maximum Pell Grant scheduled award for the 2021-2022 award year, institutions are reminded that beginning with the 2017-2018 award year, a student may be eligible to receive Pell Grant funds for up to 150 percent of the students Pell Grant scheduled award for an award year. Adjustments to Pell grant disbursements will no longer be made after the second scheduled disbursement . 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. Eligible students may receive up to three Pell Grant awards between fall, spring and summer. Summer 2022 Disbursement Schedule Disbursements for late start classes - Federal regulations require that schools disburse financial aid funds only for classes that have already begun. The amount of your disbursement is based on the number of units you are actively enrolled in 15 days prior to the disbursement date. . You will receive your funds usually within a few days after these dates depending on which refund preference you selected with BankMobile Disbursements. Loan disbursement dates vary based on several factors: When the loan request form with all required documentation is turned into the Financial Aid Office; NWU2MTk5MzA3MWVkYmNhNDRlNmVlZmM0Y2IwOGNhMjM0ZDExOGVjNTBmYjNj 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. *New Student: A newly enrolled student that was not attending courses at the start of the Fall 2022 term. MmEzN2E5MTBmM2JkMmJjY2VlZTQ5NzU1MGQzODZlNWE3MjFmMTkzZjNhY2Rh Pell Grant can be included up to eligibility. A students eligibility to receive a Federal Pell Grant award may be limited by section 401(c)(5) of the HEA, which limits lifetime Pell Grant eligibility to 12 semesters (or its equivalent). Pell Grant. Refund Dates 2022-2023 Award Year Fall 2022 August 29, 2022 - December 17, 2022 Spring 2023 January 30, 2023 - May 27, 2023 Spring Break March 27, 2023 - April 2, 2023 Summer 2023 June 12, 2023 - August 18, 2023 Revised: 01/23/2023 . If you received a Pell Grant in 2021-2022, you may qualify for a Pell Grant in summer 2022, even if you attended full time in both semesters. Check your Chaffey email periodically for updates. 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. These payments are called disbursements and begin the week before classes start each semester. This school year, the deadline for application and disbursement schedule for Pell Grant 2022-2023 is 30th June 2023. 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. MTQ2MGJlM2RjMmUyY2Q3MjA4NWFjODRiNmJkYjg5YjIxMmE1NTZhZmMxNmMz NzlhYTliNGNjMmJlNmQ4ZWVhYTY3MmVmZmIxNTkzNmU4ODhhNTRiNmEyZDk0 Pell Grant Disbursements will be adjusted if enrollment status is less than full-time. Hours enrolled after September 19, 2022 will be reviewed on case-by-case basis. 16 Weeks Fall: 8/22/2022 - 12/8/2022: 9/16/2022: All Pell Grant, 1st loan disbursement: 1st 8 Weeks Fall: 8/22/2022 - 10/13/2022: 9/23/2022: 2nd loan . For a student to apply for a Pell Grant, he or she must apply through FAFSA or Free Application for Federal Student Aid. If you fall into one of the following categories, your disbursements will occur in two equal installments over the course of your academic year, one per semester (term). YzEzMTBkYWM0YjU1MzJkMTkxZTRhYzFmMjYwOTIwZTViZjlmMWRmMWIzN2Jh The email will include your financial aid payment amount and the date of disbursement. However, the Pell Grant is not a loan. The amount of your disbursement is based on the number of units you are actively enrolled in 15 days prior to the disbursement date. ODVjYzMwOWFiNGQ1MzlkZWQ2MmNiNDQzMTBiODc4YjYwYjQ5NjI0YWM3NTRk Disbursement Dates . ZjBiZjcxYjQwYjRmYWY0ZDJhNjY2MDQ5Yzk1ZTNmNmZlMzlmMjBhMWM1M2Qx Complete All Outstanding Requirements Be sure that every item in your Checklist in Financial Aid Self-Service is completed by the cut off date for a disbursement date- click for Financial Aid Self-Service Guide for step by step instructions. ZjIyMGRhZWNlMWI2YmVlNDMwZmRjMjliZmFhMzg5MGY4MjlhOGE1ZTY0Zjkz Please be advised dates are subject to change without notice. 2022-2023* Disbursement Schedule: Fall 2022: Disbursement Date: Fund Release Date: Disbursement Type: August 15, 2022 . Check processing begins 15 days prior to the Disbursement Date. But first, let us discuss what a Pell Grant is. ACA payment amount notifications will be sent to reporting schools. FALL 2022 Disbursement & Cutoff Schedule The following schedule outlines the disbursement and cutoff dates for Fall 2022 term. 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. MmFiMGRlZjMwNDgyN2Y1ZWQ3ZDM0Y2UwYzRjNjEyMTczMjE5MzJmMTQxZjVh Lifetime Eligibility Used : Students receiving Federal Pell are limited to six years or full time equivalent of aid. 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. Loan Deadlines The deadlines for loan submission requests are Fall Only Loan (August 19 th thru December 13 th) - November 28, 2022 Spring Only Loan (January 9 th thru May 7 th) - April 21, 2023 Alternative/Private Loans 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. Disbursement - Institutional Charges - Housing Charges (if applicable) = Financial Aid Refund or Out of Pocket Expenses Disbursement dates for 2022-2023 Academic Year Most funds are disbursed in one lump sum (with a few exceptions see below) a few days before classes begin. After the first disbursement, Cal Grants are disbursed weekly throughout the term as students become eligible for the funds. Pell Grants are disbursed twice per semester.. Cal Grants are disbursed once per semester and there will be "make-up" payments during each semester.. FSEOG is disbursed once per semester and usually paid 2 -3 weeks after the beginning of the semester.. Federal Direct Loans are disbursed once per semester and generally follow the Pell grant schedule. ZWUwMGE3ZWExNDYwOGM2NTNkMDY1NDRhZTM0NmNhMDJlOTAwMzA0MDllNDVi To sign up for direct deposit Log into Self-Service, under, College Office of Research and Evaluation, Instructions on how to sign up for Direct Deposit (PDF), Apply for a refund of your enrollment fees. If the. full-time, three-quarter time, half-time, less than half-time). 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. ZmQ4ZWI5NzUyMTkyNmE3Njg0NTRjNTM0OWQ0MTcyYmRjMTM2MzQyYzhiNmQ5 My award letter stated I would receive a certain amount for my Pell Grant. Your check will not be released until after the drop date (September 13, 2023 for Fall 2022 and February 7, 2023 for Spring 2023), as we have to verify enrolled units. Student receives Federal and State aid from more than one school for the same or overlapping term. Warning: Students will owe money back to the Federal Government and/or Chaffey college if: You will be notified of any changes or updates to your Chaffey email. We appreciate your continued support in making Federal Pell Grant Program assistance available to students. recalculation may result in repayment of funds already disbursed as a result of the reduction in units following the disbursement of Pell Grant funds. February 28, 2023. 9/15/2022 -- . Yjc5ZDQxMDI2NmRhMTE3MWI3NTk2MjcxY2FkNzQ1N2E4NTEyMWY1ZTc0NTgx Pell Grant Eligibility Chart Fall 2022 (Pell ONLY) Students returning to take courses who have previously earned credit at the university. MTE2YzUyYjE4ZjEyY2Q3MTllN2UxYjA4NzlmMmI0YjcxMjM4ZTMyZDM4NzAy This just proves how hard it is to send a child to school. An e-mail confirming the date and amount of your disbursement will be sent to your district issued e-mail account approximately one-week prior to the 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. Usually, parents think that the earliest possible date to pass their EFC for their childs Pell Grant application is February 1st. Please see How to Access your Financial Aid Funds section of this page for more information. August 25, 2022. Check the start date of your classes. PAYMENT DATES AS INDICATED BELOW ARE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE. 3. The email will include your financial aid payment amount and the date of disbursement. MjgxYTM0ZjFjMjJiMzExNjUzMjA2MjNiY2VhNTdmMGU2MzE2ZjZmODg2Nzg4 117-70 expires on Feb. 18, 2022, unless Congress acts to extend it. eyJtZXNzYWdlIjoiYzg4MTE2YzQzY2VlYzA0NTIyMWExMmI5NDNhY2U1ZDY0 Because we use mid-points in both the EFC columns and the cost of attendance (COA) rows in constructing the schedules, the actual 2023-2024 award year minimum scheduled award amount will be $750. eyJtZXNzYWdlIjoiNDA4YTE1MWUyMDlkNTBhOWQ5Mzc5MTJiMDNmMDFmYTYy Fall 2022. A: Financial aid verifies your unit enrollment 15 days prior to the disbursement date. 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. Students who are not approved are disqualified from receiving aid. For additional information on the LEU limitation see Dear Colleague LetterGEN-13-14and Volume 3, Chapter 3 of the Federal Student Aid Handbook. Adjustments can be made to initial Cal Grant disbursements based on increases to student enrollment load. 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. Refunds WILL NOT be distributed November 23, 2022. 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. You may contact the Financial Aid Office at (559) 494-3012 to verify your eligibility. Based on revised regulations, effective immediately . Financial Aid funds are now available through Direct Deposit! Upon receive your loan acceptance letter and prior to the disbursement of the funds, you have the right as a borrower to cancel all or part of your loan within 14 days of receiving your loan acceptance letter and disbursement notice. 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), in the payment period(s) for which the student receives the additional Pell Grant funds in excess of 100 percent of the students Pell Grant scheduled award. 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. Institutions should review information on Pell Grant eligibility determinations and the Lifetime Eligibility Used (LEU) limit posted on our Information for Financial Aid Professionals (IFAP) website. While these documents do not currently meet the standards of Section 508 of the Rehabilitation Act of 1973, as amended, Federal Student Aid is working to create accessible versions. For example, if your semester Pell Grant award is $2000 and you are enrolled in 7 units, you will be eligible for $1000 . The maximum Pell Grant award for the 2023-2024 award year is $7,395, and the corresponding maximum Pell Grant eligible expected family contribution (EFC) is 6656. ZGQ4YjQyZjlkYjgyMmU1OGRjMDRiNWY0M2FjZTUwM2UyZTVlMzlhZmNiMzdh NGQxN2ZlMTA0ZWVlZmU2NjVlNWQxYmRiYzM5MGNiNWFiMjZkMTk5NDdkNGUy -----BEGIN REPORT----- Pell Recalculation Date (PRD) 08/29/2022: 01/24/2023: 06/01/2023: The student financial aid known as Pell Grant is one of the best things that may happen to the life of students who want to finish college and their parents who are trying and working hard to send their kids to school. 2022/2023 Disbursement Information/Schedule -Fall 2022/Spring 2023/Summer 2023. Please note: award amounts will vary based on the student's eligibility. For example, for a less-than-half-time student, the COA includes only cost components for tuition and fees, books, supplies, transportation, room and board for a limited time period, and dependent care expenses. The Cal Grant disbursement dates are estimated based on the date we expect to receive Cal Grant funds from the State. For more information on these COA restrictions, please refer to Volume 3, Chapter 2, of the Federal Student Aid Handbook. Loan funds are generally disbursed once a semester according to the disbursement schedule. If you do not sign up for direct deposit, your checks will be mailed. The enrollment status of the student at the time that funds are prepared for disbursement will be used to determine the payment amount. 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. 100% Cal Grant 100% Fall Retro * 5/12/22 - 50% Pell/SEOG 2/2/2022 Early February . Pell Grant Direct Loan Cal Grant & SSCG SEOG; 1st Disbursement: August 18 (25%) 2nd Disbursement: August 25 (25%) 3rd Disbursement: . Attached to this letter are both PDF and Excel versions of the Payment and Disbursement Schedules for determining Federal Pell Grant awards for the 2023-2024 award year (July 1, 2023, through June 30, 2024) for full-time, three-quarter-time, half-time, and less-than-half-time students. Student loans are disbursed in TWO PAYMENTS per semester. -----END REPORT-----. The Promise Grant doesNOTcover the mandatory Health Fee or any class material fees. Students who withdraw from all classes after October 28, 2022 will have earned 100% of their Federal award for Fall 2022. . You must be actively enrolled in at least 6 units. If you are not attending a college or university that has issued you a financial aid check, return the funds immediately! 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 attachments to this letter contain the 2022-2023 Award Year Federal Pell Grant Program Payment and Disbursement Schedules. Pell Grant. Q. Pell Grants will be disbursed in two payments each semester . 2022: First Fall Disbursement (Pell Grant and Loans); First Year First Time Loan Borrower** Disbursement; September 21, 2022: Less than Half Time Student (Pell Only) 12 or more credits 9 to 11 credits 6 to 8 credits 1 to 5 credits $1,000 $750 $500 Attached to this letter are both PDF and Excel versions of the Payment and Disbursement Schedules for determining Federal Pell Grant awards for the 2022-2023 award year (July 1, 2022, through June 30, 2023) for full-time, three-quarter-time, half-time, and less-than-half-time students. Unit A: The processing of your financial aid disbursement begins 15 days before the actual disbursement date. 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. Financial Aid Disbursement Schedule 2022-2023. 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? Review the section below "How funds are disbursed by program.". NWVlY2FhOTc2YWRkYjI3NGI5NTdmZjBhZjhjMGQ2MmM1ZDhkNjQ1NDIxMGMz YjM4MjJmYWNlNTA2OTZiZTc5MDY5MjVhODUxMTFkOGFjZjg1ZTk3NGY0MmQ5 Yzg5YTI3NzhmYzgyZjJkNmZjNzRiMGRlOTUwZGIyMzBiMzUwYzk3ZjdjMTg5 You will be notified through your Inside BC when your financial aid payment is processed. As files are . That laws Pell Grant appropriation, or a similar measure, must be extended through Sept. 30, 2022, in order to fund the award levels described above for all eligible students in 2022-2023. Although $6,495 is the maximum Pell Grant scheduled award for the 2022-2023 award year, a student may be eligible to receive Pell Grant funds for up to 150 percent of the students Pell Grant scheduled award for an award year. This Dear Colleague Letter has been superseded by Dear Colleague Letter GEN-22-04, posted on March 24, 2022. But one thing that most parents do not know is that there is actually an ideal date to pass the application. These grants are disbursed in two payments per semester. All financial aid reminders, changes, deadlines, and special event notices will be sent to your district assigned e-mail address. 11/10/2022 50% Pell/SEOG . Pell Grant will not be adjusted after 01/30/2023. Read Also: Grants For Daycare Providers 2021. Do not exaggerate the numbers. Unit Institutions should review information on Pell Grant eligibility determinations and the Lifetime Eligibility Used (LEU) limit posted on our Information for Financial Aid Professionals (IFAP) website. YmM1ZDY0MGM3ZGYyMjY5M2ZiMDY0ZDk5NTYzZjkwY2JlYWI5ODk5M2NlNGZh After an annual appropriations process with significant delays, the Department of Education will now update the 2022-23 Pell payment and disbursement schedules released on January 31 to reflect the $400 increase to the maximum award. Students will not be eligible to receive a refund on every scheduled disbursement date. Although we are confident in the accuracy of our calculations, we advise that schools wait for ED to release updated, official Pell Grant schedules before sending financial aid packages to applicants. Grant disbursement amounts are based on your t status and eligibility (Refer to Disbursement Eligibility Table on reverse). . The quickest way for you to access your financial aid funds is to sign up for direct deposit through WebAdvisor. Specific disbursement dates can be found on your student website by navigating to Financial Plan > Awards & Disbursements > Disbursement Status. August 25, 2022. 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. 50% of the semester amount. Yzc5MzQ0NGI4ZWU4ODUwY2UxMTg4N2FiOThlYmNhNmViZDdlMjU1ODQyMjlj Disbursements occur on Tuesday and Thursday each week with exceptions for holidays and federal government or state closures. On Dec. 3, the President signed Public Law 117-70, making further continuing appropriations for the fiscal year ending Sept. 30, 2022, and for other purposes. 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. You may be required to repay all or a portion of the money you receive if you withdraw from any or all of your classes. ZTlhYjIwMTBlMDdhNWY1MTBmZjBhZWZlNmVmM2RmMGE1YWQxNjAyNDQ5NTBk This letter provides the 2023-2024 Pell Grant Program Payment and Disbursement Schedules. 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. *Cal Grant disbursement is depended on receipt of funding from State funding. 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). ZTQxNmFhMWY2ZTUyYTg5MjdlMmZmODlkYjRmNmY3OTQ2MGZjMDM5ZWM3MTMx