College of Micronesia -FSM

Federated States of Micronesia
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 April 21, 2009- Palikir, Pohnpei

MEMORANDUM

To:         All Concerned

From:     Financial Aid Office

Subject:  Federal Update

Year-Round Pell grant will be available for eligible students beginning this Summer 2009 sesson. Students who have exhausted their Pell Grant in the fall and spring will be awarded for the 2009-2010 school year. This new policy also makes students eligible for up to 200% of the scheduled award of which is $5350 for the school year 2009-2010. At 200% the award would amount to $10,700.

The College of Micronesia is ready to implement these changes. Currently enrolled students and those applying for the Summer 2009 session are encouraged to take advantage of this. In order to be eligible, a FAFSA application for the school year 2009-2010 must be filed instead of a 2008-2009 application.

Financial Aid Office will hold a series of FAFSA on-line workshops to assist students who have not filed a 2009-2010 application. The workshop schedule will be announced at a later time.

For additional information or if you have questions, please contact your respective campus ' Financial Aid Office.

Eddie Haleyalig
Financial Aid Coordinator