Formula	1	Alternate	Calculation
If	a	standard-term	program	meets	the	requirements	to	use	Formula	1	or	Formula	2,	you	have	the	option	of	dividing	the
annual	award	by	the	number	of	all	the	terms	(including	the	summer	term)	in	the	award	year.
Pell	Formula	2:	Standard-Term	Programs	with	Less	Than	30	Weeks	in	the	Fall	Through	Spring
The	regulations	provide	an	option	for	standard-term	programs	whose	fall	through	spring	terms	provide	less	than	30	weeks
discussion	of	this	topic.
LTHT	Pell	Grant	COA:	$3,500
LTHT	Scheduled	Pell	Grant	award:	$3,500
Since	the	student9s	Scheduled	Award	is	limited	by	the	student9s	LTHT	Pell	Grant	COA,	the	school	uses	the	capped
Scheduled	Award	as	the	starting	point	for	prorating	the	award	by	the	enrollment	intensity.
Semester	Disbursement	Schedule
Fall Spring
Credit	Hours
(Enrollment	Intensity
%)
3	(25%) 3	(25%)
Annual	Pell	Award ($3,500	x	25%)	÷	2	=	$437.50	(whic h
may	be	rounded	up	to	$438)
($3,500	x	25%)	÷	2	=	$437.50	(which	may
be	rounded	down	to	$437)
After	completing	3	credits	in	the	fall,	the	student	decides	they	can	handle	an	extra	course	in	the	spring	semester
and	enrolls	in	6	credits.	Since	the	student	is	enrolled	at	least	half	time	in	the	spring,	the	school	uses	the	full-time,
full-year	Pell	Grant	COA	to	determine	the	student9s	Scheduled	Award	($7,500).
Semester	Disbursement	Schedule
Fall Spring
Credit	Hours	(Enrollment
Intensity	%)
3	(25%) 6	(50%)
Annual	Pell	Award ($3,500	x	25%)	÷	2	=	$437.50	(whic h	may	be	rounded
up	to	$438)
($7,500	x	50%)	÷	2	=
$1,875
Note:	In	this	example,	the	student9s	total	annual	award	based	on	less-than-half-time	enrollment	in	the	fall
(25%	enrollment	intensity)	and	half-time	enrollment	in	the	spring	(50%	enrollment	intensity)	is	$2,313
($438	in	the	fall	plus	$1,875	in	the	spring).	COD	will	only	accept	one	Pell	COA	and	one	annual	award	for
the	award	year.	Schools	should	report	the	larger	COA	and	total	annual	award	to	COD	to	calculate	the
Scheduled	Award	and	Pell	LEU	correctly.
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