Pell Advance Process You can utilize your remaining Pell award to purchase books and/or spend on other college expenses. Please read carefully and follow the directions below. How does the Pell Book Payment work? To be Eligible for the Pell Book Advance, Students MUST: Have filed a FAFSA and be eligible for the Pell Grant Have remaining Pell Grant funds of at least $50 after tuition and fee charges are met. Meet the deadlines. Note: You will only receive one Pell advance disbursement. Any further remaining funds will be disbursed to the student during the semester. Act now to ensure you can buy your books before classes begin. Remember to keep your book receipts because you may be eligible for a tax credit up to $2,500 for the cost of your education.