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IS THE MONETARY AWARD (1% OF THE PELL GRANT FUNDS) SPREAD OUT OVER THE 4 YEARS OR DOES THE INSTITUTION RECEIVE THE 1% OF ITS PELL GRANT FUNDS EVERY YEAR FOR 4 YEARS?

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IS THE MONETARY AWARD (1% OF THE PELL GRANT FUNDS) SPREAD OUT OVER THE 4 YEARS OR DOES THE INSTITUTION RECEIVE THE 1% OF ITS PELL GRANT FUNDS EVERY YEAR FOR 4 YEARS?

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1% every year for four years. An institution with $4 million in Pell could be eligible for $40,000 in each year for 4 years.

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