of	instructional	time.	Formula	2	may	be	advantageous	for	your	summer	term	calculations	as	it	allows	you	to	pay	the	same
Pell	amount	for	the	summer	term	as	you	would	for	a	traditional	fall	through	spring	term.	You	may	use	Formula	2	if	the
program:
Has	an	academic	calendar	that	consists	of	two	semesters	or	trimesters	(in	the	fall	through	the	following	spring)	or
three	quarters	(in	the	fall,	winter,	and	spring);
Does	not	have	overlapping	terms;	and
Measures	progress	in	credit-hours	and	defines	full-time	enrollment	for	each	term	in	the	award	year	as	at	least	12
credit-hours.
Pell	Formula	2	Example
Pell	Formula	2
34	CFR	690.63(a)(2)
34	CFR	690.63(c)
Note:	Examples	use	fictional	maximum	($7,500)	and	minimum	($750)	Pell	Grant	award	amounts	for
demonstration	purposes	only.	Award	amounts	in	examples	in	this	volume	should	not	be	used	in	packaging	Pell
Grants	for	the	2025-26	award	year.
Volume	7,	Chapter	4,	Example	5:	Calculation	for	Standard	Terms	With	Fall	Through	Spring	Terms	Less
Than	30	Weeks
A	school	offers	a	program	with	a	14-week	fall	term,	15-week	spring	term,	and	10-week	summer	term.	The	school
defines	its	academic	year	as	24	semester	hours	and	30	weeks.	Because	the	fall	and	spring	terms	provide	less
than	the	minimum	30	weeks	of	instructional	time	for	an	academic	year,	a	student9s	full-time	Scheduled	Award
must	be	prorated	based	on	the	number	of	weeks	in	the	academic	calendar	to	determine	the	annual	Pell	Grant
award.	The	annual	Pell	Grant	award	is	then	divided	by	the	number	of	terms	in	the	fall	through	spring.
Scheduled	Award:	$7,500
Weeks	in	the	academic	year	(fall	through	spring):	29
Annual	award:	($7,500	*	29)	÷	30	=	$7,250
Disbursement	Schedule
Fall	(14	weeks) Spring	(15	weeks)
Credit	Hours	(Enrollment	Intensity	%) 12	(100%) 15	(100%)
Annual	Pell	Award $3,625 $3,625
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