If	a	correspondence	student	has	one	or	more	payment	periods	in	an	award	year	that	contain	only	correspondence	study,
and	one	or	more	payment	periods	in	the	same	award	year	that	contain	a	residential	portion,	your	school	will	use	two
different	formulas	for	determining	a	student9s	payment	for	each	payment	period.	This	is	the	only	circumstance	in	which	a
school	would	use	two	different	Pell	formulas	within	the	same	award	year	for	students	in	the	same	program.
Academic	Coursework
The	phrase	<academic	coursework=	does	not	necessarily	refer	to	credits.	If	a	student	does	not	earn	any	credits	until	the
end	of	the	term	or	program,	<academic	coursework=	may	refer	to	the	lessons	or	other	measures	of	learning	within	a
course	or	a	program.	For	instance,	if	a	course	or	program	is	made	up	of	40	equal	lessons,	the	student	reaches	the	halfway
point	as	follows:
If	the	student	successfully	completes	the	first	20	lessons	before	the	calendar	midpoint	of	the	academic	year,	the
second	payment	period	does	not	begin	until	the	calendar	midpoint.
If	the	student	completes	the	first	half	of	the	academic	year	before	successfully	completing	the	first	20	lessons,	the
second	payment	period	does	not	begin	until	the	student	successfully	completes	the	first	20	lessons.
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