Formula	5B	Summary
Programs	of	study	by	correspondence,	term	correspondence	component.	During	each	term,	the	written	schedule	for	the
submission	of	lessons	must	reflect	a	workload	of	at	least	30	hours	of	preparation	per	semester	hour	or	at	least	20	hours	of
preparation	per	quarter	hour.
Step	1:	Determine	Enrollment	Intensity
Enrollment	intensity	is	never	more	than	50%.
Step	2:	Calculate	Pell	COA
Full-time,	full	academic	year	costs	(for	applicable	components).
Cost	for	program	or	enrollment	period	not	equal	to	academic	year	prorated	according	to	the	following	formula	for
tuition	and	fees:
Cost	×	(Credit	hours	in	program9s	definition	of	academic	year	÷	Credit	hours	to	which	costs	apply)
Step	3:	Determine	Annual	Award
Annual	award	is	the	Scheduled	Award	multiplied	by	enrollment	intensity,	capped	at	50%.
Step	4:	Determine	Payment	Periods
Length	of	payment	period	is	the	academic	term.
Step	5:	Calculate	Payment	for	a	Payment	Period
(Annual	award	x	Weeks	of	instructional	time	in	the	term)	÷	Weeks	of	instructional	time	in	the	program9s	academic
year	definition
When	there	is	a	residential	portion	in	a	term-based	correspondence	program,	Formula	3	is	used	to	calculate	the
student9s	payment	for	a	payment	period	for	the	residential	portion.
Note:	A	single	disbursement	cannot	exceed	50%	of	the	annual	award.
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