Page 101 - Palo Verde College 2022-2023 Student Handbook / Planner

Financial Aid
UNMET NEED A student’s unmet need is determined by the following formula: FINANCIAL NEED – AID AWARDED = UNMET NEED UNTAXED INCOME All income received that’s not taxed or may not be reported to the IRS, including Social Security benefits, welfare
payments, untaxed capital gains, interest on tax-free bonds, clergy and military allowances and others.
VERIFICATION The procedure in which a college checks the information you report on the FAFSA, usually by requesting a copy of your (or your parents’) signed tax return and a Verification worksheet.
VETERAN For the FAFSA, a person who has engaged in active duty in the U.S. Armed Forces or is a National Guard or Reserve enlistee called to active duty or was a cadet or midshipman at one of the service academies, and who was released under a condition other than dishonorable; or who’ll be a veteran by June 30, 2010.
PELL GRANT FACTS
To receive a Pell Grant at Palo Verde College you must have completed the FAFSA and have a completed financial aid file. If you have not completed these steps, you will not receive your Pell Grant disbursement on the scheduled dates.
Pell Grants are disbursed over the entire academic year: one-half in the fall and one-half in the spring. Each semester there are two disbursements. You must present a picture ID and your Social Security Card if you are picking up a physical check. If you forget to bring either ID, you will not be able to pick up your check.
Please do not send another person to pick up your check, as they will not be permitted to do so.
Not every student receives the same amount of Pell Grant money. Your award depends on the calculated EFC (Expected Family Contribution) indicated on your SAR (Student Aid Report) and whether you live with parents or on your own. It also depends on the number of units in which you are enrolled. If you enroll in Distance Education courses, as opposed to regular courses, your financial aid could be drastically reduced. Also, remember, if you decrease the number of units you are taking, your Pell Grant money will also be decreased. You must also maintain satisfactory academic progress to receive the Pell Grant.
FALL 2022
1st Aug. 24, 2022
2nd Nov. 14, 2022
SPRING 2023
1st Jan. 26, 2023
2nd May 08. 2023
*Disbursement dates are subject to change without notice.
Not all students will receive a Pell Grant check on the first Check Disbursement Date
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