Federal Student Aid - IFAP
   

Publication Date: Decemaber 18, 2002

Award Year: 2002-2003

Summary: Correction for Typographical Error to Data for Clock Hours in Academic Year in the August 9, 2002 COD Pell Grant Electronic Announcement.


Posted on 12-18-2002

TO: All Destination Points

FROM: Common Origination and Disbursement (COD)

RE:Correction for Typographical Error to Data for Clock Hours in Academic Year in the August 9, 2002 COD Pell Grant Electronic Announcement.

It has come to our attention that there is a typographical error in the example at the bottom of the page for the clock hours in the academic year in the August 9, 2002 COD Pell Grant Electronic Announcement. The correct clock hours in the academic year should be 925 not 975.

The example should read as follows:

An example:

A school using Academic Calendar 5, Payment Methodology of 4: reports the Clock Hours in Award Year as 625 and the Clock Hours in this Student's Program of Study's Academic Year as 925. The student has a 0 EFC and a Cost of Attendance of $10,000. This would result in a student maximum award (TPC) being $2702.70...

We apologize for any inconvenience this error may have caused. If you have any questions, please contact the COD School Relations Center at (800) 4PGRANT, or e-mail CODSupport@acs-inc.com.