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Total maximum Federal Pell Grant

3 rules

(A) In general For award year 2024–2025, and each subsequent award year, the total maximum Federal Pell Grant award per student shall be equal to the sum of— (i) $1,060; and (ii) the amount specified as the maximum Federal Pell Grant in the last enacted appropriation Act applicable to that award year.

(B) Rounding The total maximum Federal Pell Grant for any award year shall be rounded to the nearest $5.

in view

Whole section

Encodings · 3

pell_grant_statutory_add_on_amount20 USC § 1070a (b)(5) · parameter

20 U.S.C. 1070a(b)(5)(A)(i)

name: pell_grant_statutory_add_on_amount
kind: parameter
dtype: Money
unit: USD
source: 20 U.S.C. 1070a(b)(5)(A)(i)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/20/1070a/b/5
          excerpt: (i) $1,060
versions:
  - effective_from: '2024-07-01'
    formula: '1060'

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pell_grant_rounding_increment20 USC § 1070a (b)(5) · parameter

20 U.S.C. 1070a(b)(5)(B)

name: pell_grant_rounding_increment
kind: parameter
dtype: Money
unit: USD
source: 20 U.S.C. 1070a(b)(5)(B)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/20/1070a/b/5
          excerpt: rounded to the nearest $5
versions:
  - effective_from: '2024-07-01'
    formula: '5'

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total_maximum_federal_pell_grant20 USC § 1070a (b)(5) · derived

20 U.S.C. 1070a(b)(5)

name: total_maximum_federal_pell_grant
kind: derived
entity: Person
dtype: Money
period: Year
unit: USD
source: 20 U.S.C. 1070a(b)(5)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us/statute/20/1070a/b/5
          excerpt: >-
            equal to the sum of ... $1,060; and ... the maximum Federal Pell
            Grant in the last enacted appropriation Act ... rounded to the
            nearest $5
      - path: versions[0].formula
        kind: import
        import:
          target: us:statutes/20/1070a/b/5#pell_grant_statutory_add_on_amount
          output: pell_grant_statutory_add_on_amount
          hash: sha256:local
      - path: versions[0].formula
        kind: import
        import:
          target: us:statutes/20/1070a/b/5#pell_grant_rounding_increment
          output: pell_grant_rounding_increment
          hash: sha256:local
versions:
  - effective_from: '2024-07-01'
    formula: >-
      floor(((pell_grant_statutory_add_on_amount +
      last_enacted_appropriation_act_maximum_federal_pell_grant_applicable_to_award_year)
      + (pell_grant_rounding_increment / 2)) / pell_grant_rounding_increment) *
      pell_grant_rounding_increment

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▸rulespec code

Shown source

statutes/20/1070a/b/5.yaml

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Rules

pell_grant_statutory_add_on_amount

Parameter

source: 20 U.S.C. 1070a(b)(5)(A)(i)

- name: pell_grant_statutory_add_on_amount
  kind: parameter
  dtype: Money
  unit: USD
  source: 20 U.S.C. 1070a(b)(5)(A)(i)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/20/1070a/b/5
            excerpt: (i) $1,060
  versions:
    - effective_from: '2024-07-01'
      formula: '1060'

pell_grant_rounding_increment

Parameter

source: 20 U.S.C. 1070a(b)(5)(B)

- name: pell_grant_rounding_increment
  kind: parameter
  dtype: Money
  unit: USD
  source: 20 U.S.C. 1070a(b)(5)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/20/1070a/b/5
            excerpt: rounded to the nearest $5
  versions:
    - effective_from: '2024-07-01'
      formula: '5'