Pell Grant recipients may need to repay money if not attentive to the polices described below?
The Pell Grant award varys according to the semester credits you are enrolled in. Any adjustments you make to your schedule could impact the award amount of your Pell Grant. If you drop credits you could lose eligibility for some of the Pell Grant you are awarded originally. The student will be required to repay a portion or all of the Grant award depending on the number of credit. To avoid any repayment, please be aware of the following:
(1) Your Pell grant enrollment is frozen on the first day of school for that semester.
Any classes added after that date will not count towards determining your Pell Grant eligibility. This applies to internships, workshops, and other classes, even if the University allows you to add the credits.
(2) Attendance in all classes.
Your Pell award is based on the assumption that you attend all your enrolled classes. If you do not attend a class, or if you drip a class before it starts, your Pell Grant award will be recalculated. Your student account on MyISU will reflect any Pell Grant reduction that occurs for these reasons, (Allow up to 5 working days for enrollment changes to be reflected on your student account).
(3) Enrollment adjustments between now and the day after the tenth (10th) day of class for that semester.
If you add or drop classes after your Pell Grant has disbursed, your student account will reflect any resulting changes to your Pell award within 5 working days.
Try to add and drop classes during the same session on MyISU, if possible. Also, whenever possible, ADD a class before you drop another class. By just dropping a class you may cause your Pell Grant to decrease. If you do not ADD first you may have a late fee on unpaid balances with ISU Cashiers Office caused by this decrease in Pell Grant award.
All other requirements must be met as well. If you have any questions please contact our office.