Page 129 - Palo Verde College 2020-2021 Student Handbook / Planner

Financial Aid
STUDENT IAD REPORT (SAR) a report form indicating a student’s eligibility for Federal Grants. 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. In order to receive your Pell Grant disbursement, you must attend Financial Aid Orientation and sign, and return your award letter. 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. If you have signed up for the PVC Opportunity Card this will not apply to you, the funds will automatically be put on your card. 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.
DISBURSEMENT DATES
*Disbursement dates are subject to change without notice
Not all students will receive a Pell Grant check on the first Check Disbursement Date.
FALL 2020
SPRING 2021
1st
08/19/2020
1st
02/04/2021
2nd
10/01/2020
2nd
03/22/2021
3rd
11/16/2020
3rd
05/10/2021
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