Disbursement	Schedule
Fall	(14	weeks) Spring	(14	weeks)
Credit	Hours	(Enrollment	Intensity	%) 12	(100%) 15	(100%)
Calculation ($7,500	x	14)	÷	30 ($7,500	x	14)	÷	30
Annual	Pell	Award $3,500 $3,500
A	single	disbursement	for	a	payment	period	generally	cannot	be	for	more	than	50%	of	the	annual	award.	If	the
disbursement	amount	for	one	term	would	be	more	than	50%	of	the	annual	award,	you	must	generally	make	the
payment	in	at	least	two	disbursements	in	that	payment	period	regardless	of	whether	the	term	is	a	standard	term
or	a	nonstandard	term.	You	may	disburse	the	remaining	portion	of	the	payment	for	the	term	that	exceeds	50%	of
the	annual	award	once	the	student	has	completed	half	of	the	weeks	of	instructional	time	in	the	program9s
academic	year	definition.
However,	if	the	disbursement	for	the	payment	period	results	in	more	than	half	of	the	annual	award	and	occurs
after	half	of	the	weeks	of	instructional	time	of	the	academic	year	have	passed	during	the	payment	period,	you	can
make	a	disbursement	of	the	full	payment	for	the	payment	period.
Single	Disbursement	May	Not	Exceed	50%	of	Award
34	CFR	690.63(f)
Volume	7,	Chapter	4,	Example	7:	Disbursing	More	Than	Half	the	Annual	Award	and	the	50%
Requirement
For	example,	consider	a	program	that	must	use	Formula	3	and	that	has	three	terms	with	17,	14,	and	6	weeks	of
instructional	time.	The	program's	academic	year	is	defined	as	30	weeks	of	instructional	time	and	24	semester
hours.
A	student9s	enrollment	intensity	is	50%	in	all	three	terms.
Scheduled	Pell	Award:	$7,500
Annual	Pell	Award:	$7,500	x	50%	=	$3,750
Disbursement	Formula:	(Annual	Award	x	Weeks	in	the	Term)	÷	Total	Weeks	in	the	Academic	Year
Disbursement	Schedule
Term	1	(17	weeks) Term	2	(14	weeks) Term	3	(6	weeks)
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