Formula	2	Summary
Standard-term,	credit-hour	programs,	including	subscription-based	programs,	with	fewer	than	30	weeks	of	instructional
time,	and	waiver	does	not	apply.
Enrollment	for	at	least	12	credit	hours	each	term	required	for	full-time	status
Program	terms	don9t	overlap
Academic	calendar	includes	two	semesters/trimesters	(fall	and	spring)	or	three	quarters	(fall,	winter,	and	spring)
Fall	through	spring	terms	are	less	than	30	weeks	of	instructional	time
Formula	3	Summary
Any	term-based,	credit-hour	program,	including	subscription-based	programs;	may	include	programs	that	qualify	for
Formulas	1	and	2.
Step	1:	Determine	Enrollment	Intensity
Enrolled	credits	divided	by	full-time	minimum	credits.
Step	2:	Calculate	Pell	COA
Full-time,	full	academic	year	costs.
Cost	for	fall	through	spring	terms	prorated.	If	fall	through	spring	terms	provide	the	same	number	of	credit	hours
as	are	in	the	academic	year	definition,	prorated	COA	is	the	same	as	non-prorated	COA.
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	×	Weeks	of	instructional	time	in	fall	through	spring	terms)	÷	Weeks	of	instructional	time	in
program's	academic	year	definition]	÷	2	(if	semesters	or	trimesters)	OR	3	(if	quarters)
OR
For	alternate	calculation:
Annual	award	÷	Number	of	terms	in	the	award	year
Step	1:	Determine	Enrollment	Intensity
Enrolled	credits	divided	by	full-time	minimum	credits.
Step	2:	Calculate	Pell	COA
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