How to Obtain Correct Annual ‘Pell Term COA’ And ‘Less Than Half Time Pell COA’ Amounts For Students not Budgeted for All Enrolled Financial Aid Terms in the Aid Year
(Doc ID 2868743.1)
Last updated on MAY 10, 2022
Applies to:PeopleSoft Enterprise CS Financial Aid - Version 9.2 and later
Information in this document applies to any platform.
When a student is assigned a zero budget, based on the formula, for one or more terms in the aid year, the system ends up assigning only the proportional amount of the Pell annual amounts to the budgeted term, rather than the full annual amounts.
For example: a student is built on Financial Aid Term (FA Term) for both fall and spring, with a Financial Aid Load > 'N' in both terms, but the school chooses to assign a zero budget for one of the terms, based on the student's academic program for the term. The goal is to only award Pell in the budgeted term, but award the Pell using the full annual Pell COA amount corresponding to the FA Load. However, because the student is only budgeted for one term, they end up with only half the expected Pell Cost of Attendence (COA) and Pell Less Than Half Time COA, instead of the annual amount that the Pell should be based on, resulting in an awarded Pell amount that is also too low, especially in cases where the student is less than half time (FA Load 'L') in the budgeted term.
In these situations, how can the full Pell COA amounts be obtained through the use of the budget formula?
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