new	school.
School	B	may	pay	the	student	a	Pell	Grant	only	for	that	portion	of	an	academic	year	in	which	the	student	is	enrolled	and	in
attendance	at	School	B.	The	grant	must	be	adjusted,	as	necessary,	to	ensure	that	the	funds	received	by	the	student	for
the	award	year	do	not	exceed	the	student9s	Scheduled	Award	for	that	award	year	or	the	student9s	maximum	Lifetime
Eligibility	Used.
The	award	for	each	payment	period	is	calculated	using	the	(full)	Scheduled	Award.	The	student	receives	a	full	award	until
the	student	has	received	100%	of	the	student9s	remaining	eligibility	for	a	Scheduled	Award	(or	150%	if	the	student	is
enrolled	and	otherwise	eligible	for	a	Year-Round	Pell	award)	or	600%	LEU.	This	avoids	a	school	having	to	ration	the
remaining	amount	by	splitting	it	evenly	across	the	remaining	payment	periods.
To	calculate	a	transfer	student9s	remaining	eligibility	for	a	Scheduled	Award,	School	B	must	first	determine	what
percentage	of	the	Scheduled	Award	the	student	used	at	School	A.	Check	COD	for	the	most	up-to-date	information	on	what
aid	has	been	disbursed	to	the	student	at	all	schools.	The	remainder	is	the	unused	percentage	of	the	student9s	Scheduled
Award4the	percentage	the	student	may	receive	at	School	B.	(Use	percentages	rather	than	dollars	because	a	transfer
student	may	have	different	Scheduled	Awards	at	the	two	schools;	using	percentages	rather	than	dollars	adjusts	for	this
possible	difference.)	School	B	then	multiplies	the	percent	of	eligibility	remaining	by	the	Scheduled	Award	at	School	B.	The
result	is	the	maximum	amount	of	Federal	Pell	Grant	funds	the	student	may	receive	at	School	B	during	the	balance	of	the
award	year.
Pell	Grant	Eligibility	for	Transfer	Students
34	CFR	690.65
Dear	Colleague	Letter	GEN-01-09
Volume	7,	Chapter	6,	Example	1:	Transfer	Student	Remaining	Eligibility
On	August	1,	2025,	a	student	enrolls	at	School	X.	After	completing	a	portion	of	the	program,	the	student
withdraws	from	school.	On	February	1,	2026,	the	student	enrolls	at	School	Y	as	a	transfer	student	and	is	awarded
400	clock	hours	of	transfer	credit	toward	School	Y9s	1,000	clock-hour	program	(the	program9s	defined	academic
year	is	900	clock	hours	and	30	weeks	of	instructional	time).	The	student9s	program	length	at	School	Y	is	600	clock-
hours	and	20	weeks	of	instructional	time.
The	FAA	at	School	Y	examines	the	student9s	2025-26	ISIR	and	finds	the	following	entry:
%Sch.	Used:	112.5
As	Of:	01/28/2026
Pell	Eligible:	Y
Based	on	the	student9s	FAFSA	results,	their	Scheduled	Award	is	$4,500.	Since	the	student	is	eligible	for	Year-
Round	Pell,	the	FAA	subtracts	the	112.5%	of	the	student's	Scheduled	Award	previously	used	from	150%,	which
results	in	a	remaining	unused	percentage	of	37.5%.	Therefore,	the	student	is	eligible	to	receive	37.5%	of	their
scheduled	Pell	award	of	$4,500	during	the	balance	of	the	award	year.
The	FAA	uses	the	600	hours	and	20	weeks	of	instructional	time	remaining	in	the	student9s	program	to	establish
the	appropriate	two	payment	periods	of	300	clock-hours	and	10	weeks	of	instructional	time	each	(See	Volume	3,
Chapter	1	for	a	full	discussion	on	payment	periods).	The	aid	administrator	multiplies	the	student's	Scheduled
Award	($4,500)	by	the	remaining	unused	percentage	(37.5%)	and	determines	that	the	student	may	receive	as