34 CFR 690.62 : Education (Parts 1-2 To Parts 1201-1299) — (Parts 680-681 To Parts 1201-1299) — Regulations Of The Offices Of The Department Of Education (Continued) (Parts 680-681 To Parts 700-799) — Office Of Postsecondary Education, Department Of Education (Continued) (Parts 680-681 To Parts 695-699) — Federal Pell Grant Program (§ 690.1 To § 690.83) — Determination Of Federal Pell Grant Awards (§ 690.61 To § 690.67) — Calculation of a Federal Pell Grant.

4 Aug 2016

(a) The amount of a student's Pell Grant for an academic year is based upon the payment and disbursement schedules published by the Secretary for each award year.

(b) No payment may be made to a student if the student's annual award is less than $200. However, a student who is eligible for an annual award that is equal to or greater than $200, but less than or equal to $400, shall be awarded a Federal Pell Grant of $400.

(Authority: 20 U.S.C. 1070a(a)(2))
34 CFR 690.62
[50 FR 10722, Mar. 15, 1985, as amended at 59 FR 54730, 54732, Nov. 1, 1994]