To earn this credential, you will need know the eligibility requirements, the calculation process, and the principles for determining eligibility. You also will need to know the five regulatory formulas and additional considerations that impact a student’s Federal Pell Grant amount, such as reduced academic years, crossover payment periods, summer sessions, transfer students, and grant recalculations. This will help you demonstrate the ability to accurately and appropriately award these funds to eligible students, thereby ensuring the equitable distribution of federal financial aid funding.
The range of topics in this test include:
Tests may include questions pertaining to a variety of program structures, such as credit- or clock-hour, term or nonterm, standard or nonstandard term, undergraduate or graduate/professional programs, and programs of various length (shorter than one year, two-year, four-year, certificate, etc.).
All tests will include a combination of multiple-choice and scenario-based questions. Some questions may involve viewing or downloading worksheets, charts, and tables. Please ensure you have a calculator available while taking a credential test.
Review the following examples, which are similar in structure and scope to the questions that will appear on the test for this topic. Check your answers by selecting the question's link.
2. Which one of the following types of programs must use Pell Formula 3?
Prepare for this test by reviewing related content in resources such as: