FAFSA Simplification: Campus-Wide Implications

Analyzing the SAI Tool Data – PVAMU Evaluation

Pell Comparison

2023-24 (current methodology) full-time scheduled Pell award

Estimated Pell award using SAI for 2024-25

Difference

$ total (sum)

$

31,632,942.24

$

40,970,320.00

$

9,337,377.76

Average received

$

6,171.00

$

6,682.49

$

511.49

Median

$

7,395.00

$

7,395.00

$

-

# of recipients

5013

6131

1118

• #of Student’s eligible for Pell (using new federal methodology based on the SAI) = 6131 • Estimated # of additional Pell grant recipients under new SAI calculation = 1118 (22% increase) • Estimated # of students eligible for maximum Pell grant based on tax filing status or AGI groups using new Pell methodology = 4461 • Estimate # of students eligible for minimum Pell grant based on AGI groups using new Pell methodology = 91 • Total estimated Pell grant dollar increase = $9.3 million (30% increase)!

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