Module 10 of a 17-module self-instructional course in student financial aid administration (for novice student financial aid officers and other institutional personnel) examines the Pell Grant program's eligibility requirements and award calculation procedures. It is part of a complete system teaching management of federal financial aid programs authorized by the Higher Education Act Title IV. It teaches how to identify the components of the Student Aid Report (SAR), recognize terms and definitions used in award calculation, and determine student eligibility requirements for receipt of a Pell Grant. Four sections focus on: (1) student eligibility (general and program-specific requirements); (2) the application process (application forms, the SAR, preliminary review of the SAR, verification of the SAR, and confirmation of student eligibility); (3) determining the student's award (major factors in determining an award, payment and disbursement schedules, determining a scheduled Pell Grant, determining an expected disbursement, term-based programs, nonterm programs, crossover payment periods, transfer student awards, recalculation of a Pell Grant due to a change in enrollment status, and the "Federal Student Financial Aid Handbook"); and (4) disbursement procedures (distribution of grants and disbursement dates, retroactive payments, recovery of Pell Grant funds, and deadlines). Three appendices are: sample Pell Grant payment and disbursement schedules for the 1988-89 award year; student aid reports received under various circumstances; and SAR reporting procedures: correction, recalculation, adjustment, projected year data, and secondary Student Aid Index. Contains four references. (SM)