If a Student’s SAP Is Okay For One Semester At the Time Of Awarding, Are We Required To Use a One Semester COA/SAI?

Award Year: 2024-25 KA-36710 Helpfulness Rating 300 page views

This guidance is specific to the 2024-25 award year and later.

Yes, with regard to the cost of attendance (COA). If at the time of awarding the student, you know the student is only Title IV-eligible for a single term, then you would award that student using a single term COA. Note that the student aid index (SAI) is not prorated for periods other than nine months, and there is no option for schools to choose to prorate in these circumstances. Of course, for the purposes of determining a Federal Pell Grant award, you use the full-time, full-year COA.

See the AskRegs Knowledgebase Q&A: Can We Prorate the Student Aid Index For Periods Other Than Nine Months?

Student Aid Reference Desk: For additional information, try the Student Aid Reference Desk. It is a central hub of all the important financial aid resources you need with direct links to legislation, regulation, Dear Colleague Letters, and other ED and NASFAA references. It is updated on a rolling basis with the latest news and changes. See Satisfactory Academic Progress.  

 

 

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