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In accordance with federal regulations, students’ Pell Grant disbursements are calculated under Formula #4 which covers clock hour and credit hour, non-term academic programs. Essentially, a student’s Pell Grant scheduled award is determined based on the students’ EFC and Pell Grant cost of attendance using the Federal Pell Grant Payment Schedule. Each disbursement is calculated by taking the scheduled award and multiplying it by the lesser of:
- The number of clock hours in the payment period divided by the number of clock hours in the academic year.
- The number of instructional weeks in the payment period divided by the number of instructional weeks in the academic year