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NASFAA Releases Updated, Estimated 2022-23 Pell Grant Payment and Disbursement Schedules

Editor’s Note: These disbursement schedules are estimates only and are meant to be used for internal purposes only. NASFAA advises schools to wait for official Pell schedules from the Department of Education before sending aid packages to students. 

Update 3/24/22: The Department of Education on March 24, 2022 released updated Pell Grant payment and disbursement schedules that reflect the $400 increase to the maximum Pell Grant award for the 2022-23 award year.

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.

After an annual appropriations process with significant delays, the Department of Education (ED) will now update the 2022-23 Pell payment and disbursement schedules released on January 31 to reflect the $400 increase to the maximum award. Since this process is expected to take at least a week, NASFAA has released unofficial 2022-23 Pell payment and disbursement schedules for school use in the interim for planning purposes only.

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 (re)sending financial aid packages to applicants. 

 

Publication Date: 3/15/2022


Theodore M | 3/16/2022 10:41:01 AM

Thanks NASFAA this is so helpful!

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