1. Package Title IV grants
  2. How SFP handles Pell Grants for 2024–2025 and future aid years

4How SFP handles Pell Grants for 2024–2025 and future aid years

To determine Pell Grant eligibility, Oracle Student Financial Planning (SFP) checks whether the student meets all general Title IV eligibility requirements and reviews the student's program, Institutional Student Information Record (ISIR), courses, and financial aid history information.

SFP prevents retroactive Pell awarding if the student doesn't meet satisfactory academic progress (SAP) or has unusual enrollment restrictions.

To determine Pell Grant award amounts, SFP:

  • Uses a combination of the Maximum and Minimum Pell Eligible Indicators, Pell Grant Eligibility flag, Student Aid Index (SAI), Iraq Afghanistan Student Grant (IASG) and Children of Fallen Heroes indicators, configured Minimum and Maximum Pell Award amounts, and Pell Cost of Attendance (COA) to determine the Pell scheduled award amount.
  • Takes the enrollment intensity configured output by term and multiplies it by the Pell scheduled award amount.
  • Uses the appropriate Pell formula.
  • Checks adherence to the student Pell Lifetime Eligibility Used (LEU) and Percent of Eligibility Used (PEU) limits.

SFP then includes the amount in the student's financial aid award package.

SFP also uses Pell Formula 4 to calculate the disbursement amounts per payment period for a nonterm credit-hour institution. Pell Formula 4 always uses an enrollment intensity of 100%.