Recalculation
Any	time	a	student	begins	attendance	in	at	least	one	course	but	does	not	begin	attendance	in	all	the	courses	they	were
scheduled	to	attend	and	on	which	eligibility	for	
Title	IV	Aid	was	based,	the	school	must	recalculate	the	student9s	eligibility
for	Pell	Grants	and	TEACH	Grants,	based	on	the	revised	enrollment	intensity	(for	Pell	Grants)	or	enrollment	status	(for
TEACH	Grants)	and	COA.	For	the	Campus-Based	programs,	if	a	change	in	a	student9s	enrollment	status	results	in	a	change
in	the	student9s	COA,	the	school	must	recalculate	the	student9s	eligibility	based	on	the	revised	COA.	In	this	circumstance,
the	$300	overaward	tolerance	under	the	Campus-Based	programs	does	not	apply	(see	<Campus-Based	Overaward
Threshold=	later	in	this	chapter	for	more	information).
A	school	may	adopt	a	recalculation	policy	that	is	stricter	than	what	the	regulations	require	(for	example,	a	policy	that
requires	recalculation	up	to	a	census	date	or	any	time	within	a	term	or	period	of	enrollment).	If	a	school	adopts	a	policy	of
Grants,	including	FSEOG	and	state	grants;
Scholarships,	including	athletic	scholarships
and	scholarships	that	require	future
employment	but	are	given	in	the	current	year;
Employer	reimbursement	of	employee9s	tuition;
Waivers	of	tuition	and	fees;
Fellowships	or	assistantships,	except	non-need-
based	employment	portions	of	such	awards;
Income	from	insurance	programs	that	pay	for
the	student9s	education;
Net	income	from	need-based	employment	such
as	FWS;
AmeriCorps	awards	or	post-service	benefits
(except	when	determining	eligibility	for	Direct
Subsidized	Loans);
McNair	Postbaccalaureate	Achievement
Program;
TEACH	Grants	(except	amounts	used	to	replace
the	SAI	-	see	<Not	counted	as	OFA=);
Private	education	loans	(except	amounts	used
to	replace	the	SAI	-	see	<Not	counted	as	OFA=);
and
Funds	received	through	income	share
agreements	(see	the	Note	below)	that	are	used
to	finance	a	student9s	expenses	for
postsecondary	education.
Subsidized	Loans,	AmeriCorps	national	service
education	awards	or	post-service	benefits;
The	amounts	of	any	TEACH	Grants,	Direct
Unsubsidized	Loans,	Direct	PLUS	Loans,	and
non-federal	non-need-based	loans,	including
private,	state-sponsored,	and	institutional
loans,	that	are	used	to	replace	the	SAI
(amounts	that	exceed	the	SAI	must	be	treated
as	OFA);
Foster	care	benefits	received	under	Title	IV,
Part	E,	of	the	Social	Security	Act,	including
education	and	training	vouchers	and	room	and
board	that	students	receive	as	extended	foster
care	benefits	under	Section	477	of	the	Social
Security	Act;	and
Emergency	financial	assistance	provided	to	a
student	(for	example,	emergency	grants	or
short-term	emergency	loans)	for	expenses	that
are	associated	with	an	allowable	COA
component	and	not	otherwise	included	in	the
student9s	COA.
Note:	A	student	loan	originator's	income	share	agreement	(ISA)	that	is	used	to	finance	a	student's
postsecondary	education	expenses	is	considered	to	be	a	private	education	loan.	For	more	information	see
the	March	2,	2022	Electronic	Announcement	posted	in	the	Knowledge	Center.
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