"Transforming Lives Through Quality Learning Experiences"

Financial Aid

Examples of Pell Recalculation

Pell Recalculation Date for ASU-Beebe for the Fall is the 11th Day of the semester -  August 31, 2015, which falls before the start of Term 2.

Example 1:

  • As of the Pell Recalculation Date (8/31) student is enrolled in 9 credit hours

  • On September 2, two days AFTER the Pell Recalculation Date, student adds 3 credits for Term 2

  • Pell must NOT be changed to add the additional credits due to them being added AFTER the Pell Recalculation Date

  • Pell Grant remains at three-quarter time enrollment status payment

Example 2:

  • As of the Pell Recalculation Date (8/31) student enrolls in 6 credit hours Term 1 and 6 credit hours in Term 2

  • As of August 31, Pell Recalculation Date, student is still enrolled in 12 credit hours (which= full time enrollment status) with a Pell Payment amount of full time

  • Then on September 25, student drops the 6 credit hours for Term 2

  • Student’s enrollment status has changed to half-time and the Pell award MUST be recalculated because student never attended any class(es) in Term 2

  • Student may owe ASU-Beebe and/or the Federal Government back if they have received the full Pell Grant amount at this time due to required Return of Title IV Funds Calculation

Questions? Contact our Financial Aid office at (501) 882-8845.