1.	Formula	5A	(which	is	like	Formula	4)	is	used	for	non-term	programs,	and
2.	Formula	5B	(which	is	like	Formula	3)	is	used	for	term-based	programs.
For	a	residential	component	of	a	correspondence	program,	you	must	use	either	Formula	3	or	Formula	4.	If	the	residential
component	is	a	term,	you	must	Formula	3;	otherwise,	you	use	Formula	4.
For	non-term	correspondence	programs,	this	step	of	the	calculation	is	like	the	step	under	Formula	4.	For	term-based
correspondence	programs,	this	step	is	the	same	as	under	Formula	3.
For	the	Pell	calculation,	you	are	required	to	determine	the	number	of	weeks	of	instructional	time	in	the	program	by
preparing	a	written	schedule	for	the	lessons	that	the	student	will	submit.	A	non-term	correspondence	program	must
require	at	least	12	hours	of	preparation	per	week.	A	term-based	correspondence	program	must	require	at	least	30	hours
of	preparation	per	semester	hour	or	at	least	20	hours	of	preparation	per	quarter	hour	during	the	term.
Formula	5A:	Non-Term	Correspondence	Program
You	first	multiply	the	annual	award	(50%	of	the	Scheduled	Award)	by	the	lesser	of:
Number	of	credit-hours	in	the	payment	period	÷	Credit-hours	in	the	program9s	academic	year	definition
OR
Weeks	in	the	payment	period	÷	Weeks	in	the	program9s	academic	year	definition
Notes:
Formula	5B:	Term	Correspondence	Program
You	multiply	the	annual	award	(Scheduled	Award	times	enrollment	intensity)	by	the	weeks	of	instructional	time	in	the
term	divided	by	the	weeks	in	the	academic	year:
Weeks	in	the	term	÷	Weeks	in	the	program9s	academic	year	definition
These	fractions	use	weeks	of	instructional	time	as	defined	in	Volume	3,	Chapter	1,	which	are	not	necessarily	the	same
number	as	the	calendar	weeks	in	an	academic	year.
A	single	disbursement	for	a	payment	period	can	never	be	more	than	50%	of	the	annual	award.	If	the	resulting	amount	is
more	than	50%	of	the	annual	award,	your	school	must	make	the	payment	in	at	least	two	disbursements	in	that	payment
period.	You	may	not	disburse	an	amount	that	exceeds	50%	of	the	annual	award	until	the	student	has	completed	the	time
in	the	payment	period	that	equals	50%	of	the	weeks	of	instructional	time	in	the	program9s	academic	year	definition.
Correspondence	Multiple	Formulas	Exception
Correspondence	Payment	Periods
34	CFR	690.66(b)	4	non-term
34	CFR	690.66(c)(3)	and	(c)(4)	4	term-based
Note:	These	fractions	use	weeks	of	instructional	time	as	defined	in	Volume	3,	Chapter	1,	which	are	not
necessarily	the	same	number	as	the	calendar	weeks	in	an	academic	year.
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