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What happens if a student does not use all of all of the PELL Grant in one year? Does it carry forward to the next?

April 26, 2017carry forward happens Pell student year

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What happens if a student does not use all of all of the PELL Grant in one year? Does it carry forward to the next?

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A. No, the amounts of a PELL Grant disbursement are determined on a term-by-term basis. Unused PELL Grant funds at the end of the fiscal year (7/1 – 6/30) are lost.