Formula	2	Alternate	Calculation
Under	Formula	2,	you	can	perform	the	same	alternate	calculation	as	performed	under	Formula	1	if	the	weeks	of
instructional	time	in	the	defined	academic	year	are	the	same	as	the	total	number	of	weeks	of	instructional	time	in	all	the
terms	in	the	award	year.
Pell	Formula	3:	General	Formula	for	Any	Term-Based	Program
Any	term-based	program	may	use	this	formula	for	Pell	calculations,	but	you	must	use	this	formula	for	a	term-based
program	that	does	not	qualify	for	Formulas	1	or	2	(for	instance,	a	program	that	uses	only	nonstandard	terms).	To	calculate
the	payment	for	the	term,	you	must	prorate	the	Scheduled	Award.
In	Formula	3,	the	Scheduled	Pell	Award	is	prorated	based	on	the	number	of	weeks	of	instructional	time	in	each	term	in	the
academic	year	to	determine	the	annual	Pell	Grant	award	by	term.	Unlike	Formula	1,	the	annual	award	isn9t	simply	divided
evenly	by	the	number	of	terms.	And,	unlike	Formula	2	where	you	prorate	the	Scheduled	Award	based	on	the	combined
total	number	of	weeks	in	the	fall	through	spring	terms,	Formula	3	requires	you	to	prorate	the	Scheduled	Award	by	the
number	of	weeks	in	each	specific	term,	using	the	following	formula:
(Scheduled	Award	x	Weeks	in	the	Term)	÷	Total	Weeks	in	the	Academic	Year
Pell	Formula	3	Examples
The	total	disbursed	for	this	student	($7,250)	is	less	than	the	student9s	Scheduled	Award	($7,500).	This	student
may	be	able	to	receive	a	disbursement	comprising	the	remainder	of	their	Scheduled	Award	during	the	summer
term.	Additionally,	the	student	may	be	eligible	to	receive	funds	from	Year-Round	Pell	provisions.	See	the	<Year-
Round	Pell	Grant=	section	in	Chapter	5	of	this	volume.
Pell	Formula	3
34	CFR	690.63(a)(3)
34	CFR	690.63(d)
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	6:	Payments	for	Standard	Terms	of	Equal	Length	and	Less	Than	30
Weeks
For	example,	a	college	has	a	semester-based	program	with	a	2-term	academic	calendar	that	comprises	28	weeks
of	instructional	time.	The	program9s	academic	year	is	defined	as	24	semester	hours	and	30	weeks	of	instructional
time.
Scheduled	Award:	$7,500
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