34 CFR 690.62 - Calculation of a Federal Pell Grant.
(a) The amount of a student's Pell Grant for an academic year is based upon the payment and disbursement schedules published by the Secretary for each award year.
(b) No payment may be made to a student if the student's annual award is less than $200. However, a student who is eligible for an annual award that is equal to or greater than $200, but less than or equal to $400, shall be awarded a Federal Pell Grant of $400.
Title 34 published on 2015-12-04.
No entries appear in the Federal Register after this date, for 34 CFR Part 690.