A school has a student who withdrew from all courses for the fall semester in November after the 60 percent point; however, the student’s ISIR was not received until December 21. Can the student receive the Federal Pell Grant, even though the student did not complete any credits?
No. A return of title IV funds calculation is required and one requirement for a late disbursement, in 668.164(j)(2)(i), is that a valid SAR or ISIR be received before the student became ineligible, i.e., ceased to be enrolled for the award year. The student’s ISIR was received after the student became ineligible, so the student is not eligible for any late disbursement of Federal Pell Grant for the fall semester.
Please note: this Pop Quiz answer has been updated since it's original publication for clarity.
Publication Date: 1/17/2019