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It has seemed to me that the college mails the Pell Grant out at the end of the semester. However in researching the Federal Statutes I have found that Pell Grant funds can actually be dispersed as soon as a verified financial statement FaFsa (?SP) has been completed. 34CFR668.164F. Many school disperse the funds to student s on the 1st day of class or at the end of the add/drop period 34CFR690.7607. But according to the Feds there are several payment optionsCFR690.61. I think schools just hold onto the monies which belong to us, the students, as long as they legally can and collect mega bucks in interest.

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16y ago

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