Appendix	A
Pell	Formula	Summaries
Formula	1	Summary
Standard-term,	credit-hour	programs,	including	subscription-based	programs,	with	30	weeks	of	instructional	time	(or
waiver	applies).	For	a	program	with	a	traditional	academic	calendar,	the	program:
must	have	an	academic	calendar	that	consists,	in	the	fall	through	spring,	of	two	semesters	or	trimesters,	or	three
quarters	(note	that	summer	may	not	be	a	standard	term);
must	have	at	least	30	weeks	of	instructional	time	in	fall	through	spring	terms;
must	not	have	overlapping	terms;	and
must	measure	progress	in	credit	hours	and	must	define	full-time	enrollment	for	each	term	in	the	award	year	as	at
least	12	credit	hours.
Other	programs	offered	in	standard	terms	may	use	Formula	1	if	they	start	the	terms	for	different	cohorts	of	students	on	a
periodic	basis	(for	example,	monthly).	These	programs:
must	have	an	academic	calendar	that	consists	exclusively	of	semesters,	trimesters,	or	quarters;
must	have	at	least	30	weeks	of	instructional	time	in	any	two	semesters	or	trimesters	or	any	three	quarters;
must	start	the	terms	for	different	cohorts	of	students	on	a	periodic	basis	(for	example,	monthly);
must	not	allow	students	to	be	enrolled	in	overlapping	terms	and	the	students	must	stay	with	the	cohort	in	which	they
start	unless	they	withdraw	from	a	term	(or	skip	a	term)	and	re-enroll	in	a	subsequent	term;	and
must	define	full-time	enrollment	for	each	term	in	the	award	year	as	at	least	12	credit	hours	and	must	measure
progress	in	credit	hours.
Step	1:	Determine	Enrollment	Intensity
Enrolled	credits	divided	by	full-time	minimum	credits.
Step	2:	Calculate	Pell	COA
Full-time,	full	academic	year	costs.
Step	3:	Determine	Annual	Award
If	the	student9s	enrollment	intensity	is	full	time,	the	annual	award	is	the	Scheduled	Award.	If	the	student9s
enrollment	intensity	is	less	than	100%,	the	annual	award	is	the	Scheduled	Award	multiplied	by	the	enrollment
intensity	percentage.
Step	4:	Determine	Payment	Periods
Payment	period	is	the	academic	term.
Step	5:	Calculate	Payment	for	a	Payment	Period
Annual	award	÷	2	for	programs	with	semesters	or	trimesters	or	3	for	programs	with	quarters
OR
For	alternate	calculation:
Annual	award	÷	Number	of	terms	in	the	award	year
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