Pell grant, SAI and COA?

thumper1
Sat, 01 Feb 2025 22:00:42 +0000

Just remember…the link above is for 2025-2026…and that is not your student. Didn’t you say they would be starting college in 2027? If that is the case, the 2025 tax year…which just began…is what will be used. And your assets will be reported as of the day you file the financial aid forms.

Yes, run some NPCs but understand that at this time, these will be gross estimates only. You don’t have your 2025 taxes done yet (and won’t for a year). And yes, financial aid awarding policies do change.

As @kelsmom noted, the calculations for the Pell have even changed…and this could happen again. We have no way of knowing.

But my question….you mentioned $740 in Pell Grant in your OP. Would that amount make or break your student’s ability to attend college? Could they pick up a part time job and save to cover that cost just in case?