The following changes were made to the Federal Pell Grant:
- Students with an SAI (Student Aid Index) greater than twice the maximum Pell Grant amount will be ineligible for any Pell Grant.
- Example: If the maximum Federal Pell Grant is $7,395, students with an SAI over $14,790 will not qualify for the Federal Pell Grant.
The following changes were made to the FAFSA (Free Application for Federal Student Aid):
- Family farms and family-owned small businesses will no longer be counted as assets
- Family Farm- Farm on which the family resides
- Small Business- 100 or fewer full-time (or full-time equivalent) employees
- Family-owned commercial fishers are exempt from asset reporting
- Foreign Income Reporting
- Foreign income must be included in the Adjusted Gross Income (AGI) for Federal Pell Grant Eligibility
Disclaimer: While the U.S. Department of Education has not yet released final implementation guidance, the University of Rhode Island is monitoring federal updates closely and will revise this page as additional information becomes available. Details below are based on current rules and may change based on federal guidance.