The Pell Grant lock date is the date we determine your total credit hours to adjust your federal Pell Grant for the fall semester. Students who have been awarded financial aid for fall 2011 and students who have completed their financial aid file for MC for fall will have a Pell Lock date of Friday September 9, 2011 at 5:00 pm. If students have not yet completed a financial aid file for fall, their Pell Lock date will be the date the financial aid file becomes complete.
An example of how it works:
We use your total semester credit hours or equivalent credit hours (for developmental classes) to determine your enrollment level. This may not match the hours you are billed for tuition.
For example, if you are taking three classes billed at 5 hours each, but they earn only 3 credit hours each, you are enrolled in 9 credit hours for the semester and you are a three-quarter time student.
Some developmental classes earn 0 hours, but are billed at the equivalent of 3 or 5 credit hours. In these cases, we use the equivalent credit hours in your total enrollment. We pay Pell Grant based on the eligible hours you have at the close of business on Friday, September 9, 2011 at 5:00 pm.