may be eligible to receive the Iraq and Afghanistan Service Grant if:
The grant award is equal to the amount of a maximum Federal Pell Grant for the award year but cannot exceed your cost of attendance for that award year. For the 2014–15 award year (July 1, 2014, to June 30, 2015), the maximum Federal Pell Grant award is $5,730.
Due to sequestration, award amounts for any Iraq and Afghanistan Service Grant that is first disbursed on or after Oct. 1, 2013, and before Oct. 1, 2014, must be reduced by 7.2 percent from the award amount for which a recipient would otherwise have been entitled. Any Iraq and Afghanistan Service Grant that is first disbursed on or after Oct. 1, 2014, and before Oct. 1, 2015, must be reduced by 7.3 percent. For example:
The payment procedures are the same
as those for the Federal Pell Grant.
An Iraq-Afghanistan Service Grant where the first disbursement is on or after October 1, 2016 and before October 1, 2017 requires a reduction of 6.9 percent from the award amount for which the student would otherwise have been eligible (i.e., the maximum Federal Pell Grant award amount for the relevant award year).
The following chart shows the FY 2016 and FY 2017 sequester required Iraq-Afghanistan Service Grant Program reductions as they apply to the 2015-2016 and 2016-2017 award years.