trimesters,	or	quarters),	the	school	must	use	Formula	3	to	calculate	Pell	Grant	disbursements	for	students	in	the
program.
Scheduled	Award:	$7,500
Full-time	calculation:	(8	weeks	in	term	x	40	quarter	hours)	÷	32	weeks	in	academic	year
Full	time:	10	quarter	hours
To	determine	the	student9s	payment	for	each	payment	period,	multiply	the	Scheduled	Award	by	the	length	of	the
nonstandard	term	compared	to	the	length	of	the	academic	year.
Payment	calculation:	(8	weeks	in	term	x	$7,500)	÷	32	weeks	in	academic	year	=	$1,875
Disbursement	Schedule
Term	1	(8
weeks)
Term	2	(8
weeks)
Term	3	(8
weeks)
Term	4	(8
weeks)
Credit	Hours	(Enrollment
Intensity	%)
10	(100%) 12	(100%) 10	(100%) 10	(100%)
Disbursement $1,875 $1,875 $1,875 $1,875
Because	the	student	in	this	example	will	be	enrolled	on	a	full-time	basis	(at	least	10	hours	each	term),	the
student9s	annual	award	is	the	same	as	the	Scheduled	Award.	A	student	enrolled	less	than	full-time	must	have
their	Scheduled	Award	prorated	based	on	enrollment	intensity	in	each	term.	For	example,	a	student	enrolled	in	8
credits	in	Term	1	would	have	enrollment	intensity	of	80%.	Their	disbursement	for	Term	1	would	be	[($7,500	X
80%)	x	8]	÷	32	=	$1,500.	This	is	a	term-based,	credit-hour	program,	so	the	payment	period	is	the	term.
Volume	7,	Chapter	4,	Example	9:	Payments	for	Nonstandard	Terms	of	Unequal	Length
A	school	has	a	10-week	nonstandard	term	between	two	12-week	nonstandard	terms.	The	terms	do	not	overlap.
The	academic	year	for	the	program	is	defined	as	34	weeks	of	instructional	time	and	24	semester	hours.	Courses
are	offered	in	whole	credits.	The	school	must	use	Formula	3	to	calculate	Pell	Grant	payments	for	students	in	this
program.
A	student	enrolls	in	six	credit	hours	in	each	of	the	three	terms.	Because	the	program	has	nonstandard	terms,	the
school	must	determine	the	number	of	credit-hours	required	for	full-time	enrollment	in	each	term,	as	follows.
For	the	first	and	third	terms:
(12	weeks	in	term	x	24	semester	hours)	÷	34	weeks	in	academic	year	=	8.47	(round	up	to	9)
For	the	second	term:
(10	weeks	in	term	x	24	semester	hours)	÷	34	weeks	in	academic	year	=	7.06	(round	up	to	8)
To	be	full	time	a	student	must	enroll	in	nine	semester	hours	(rounded	up	from	8.47)	in	the	first	and	third	terms,
and	eight	semester	hours	(rounded	up	from	7.06)	in	the	second	term.
Below	is	a	sample	disbursement	schedule	for	a	student	who	enrolls	in	6	credits	in	each	of	the	three	terms.
Scheduled	award:	$7,005
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