The news we’ve been waiting for!!!! Cross over regulatory relief has arrived! ED has issued interim final regulations to amend the section dealing with determining the award year for a Federal Pell Grant payment period that occurs in two award years (for most of us, that means summer). Basically, they have re-established the rules as they existed prior to the 2009-2010 award year. NASFAA will be announcing this in an article in Today’s News tomorrow and you can see the full article on their website: http://www.nasfaa.org/Main/orig/2012/ED_Permanently_Extends_2011_Crossover_Rules,_Seeks_Comments_on_Interim_Pell_Grant_Regulation.aspx
Already packaging according to the (now old) crossover rules? It is NASFAA’s understanding that a summer packaging policy that followed the crossover rules that were in place prior to this Federal Register would still be in compliance. No need to repackage.
