recalculating	Pell	Grants	and	TEACH	Grants	when	a	student9s	enrollment	intensity	or	status	changes	within	a	term	or
period	of	enrollment,	the	policy	must	be	applied	consistently	to	all	students.	Therefore,	if	your	school	chooses	to
recalculate	Pell	Grants	and	TEACH	Grants	for	a	student	whose	enrollment	intensity	or	enrollment	status	in	a	program
increases	(for	example,	from	half-time	to	full-time),	it	must	also	recalculate	for	a	student	whose	enrollment	intensity	or
status	decreases.
Once	you	have	recalculated	a	student9s	eligibility,	
Title	IV	funds	in	excess	of	the	amount	the	student	is	eligible	to	receive
must	be	returned	or	re-awarded,	as	applicable.	For	guidance	on	handling	excess	cash	resulting	from	recalculations	of	aid
eligibility	due	to	enrollment	intensity	or	status	changes,	see	Volume	4,	Chapter	1.
Recalculation	and	Direct	Loans
If	a	student9s	enrollment	status	changes	after	the	student	has	already	received	one	or	more	Direct	Loan	disbursements,
no	recalculation	of	the	previously	disbursed	Direct	Loan	amount	is	required.	For	information	on	how	changes	in	enrollment
status	may	affect	a	student9s	eligibility	to	receive	pending	Direct	Loan	disbursements,	see	
Volume	8,	Chapter	1.
Recalculation	and	Pell	Grants
Since	Pell	Grants	are	always	based	on	the	full-time	COA,	recalculation	means	that	you	are	looking	at	the	student9s	revised
enrollment	intensity.	For	more	detail	on	recalculating	Pell	Grants,	see	
Volume	7,	Chapter	7.
Recalculating	COA
When	performing	a	recalculation	a	school	may	not	include	in	the	COA	costs	associated	with	any	classes	the	student	failed
to	begin.	In	addition,	in	determining	a	student9s	COA	a	school	may	not	include	any	costs	for	a	period	when	the	student
was	not	enrolled	in	and	attending	any	
Title	IV	eligible	classes	(other	than	costs	for	a	brief	period	between	regularly
scheduled	terms	or	semesters).	Note	that	some	components	of	COA	are	not	included	if	a	student	is	enrolled	less	than	half
time	(see	Chapter	2	of	this	volume).
A	school	that	performs	a	Return	of	
Title	IV	Funds	calculation	on	a	period	of	enrollment	basis	for	a	student	enrolled	in	a
program	offered	in	modules	may	not	include	in	the	recalculated	COA	any	costs	associated	with	a	future	payment	period
for	which	the	student	has	not	confirmed	attendance	at	the	time	of	withdrawal	and	that	does	not	start	within	45	days.
COA	Changes	Between	or	Within	Payment	Periods
A	school	may	have	a	policy	of	recalculating	awards	only	when	the	COA	changes	from	one	payment	period	to	the	next,	and
not	when	the	COA	changes	within	a	payment	period.	For	example,	a	school	could	recalculate	awards	because	of	changes
to	a	student9s	tuition	and	fee	costs	or	living	situation	(e.g.,	when	a	student	moves	off	campus)	between	payment	periods.
However,	schools	also	have	the	option	to	establish	a	policy	of	recalculating	financial	aid	awards	when	a	student9s	costs
change	within	a	payment	period.	For	instance,	if	a	student	with	no	dependents	moves	from	a	dormitory	to	off-campus
housing	at	midterm,	a	school	could	choose	to	recalculate	the	student9s	award	for	that	payment	period.	For	Pell	Grant
purposes,	such	a	policy	is	acceptable	if	it9s	carried	out	for	all	students	whose	costs	change	within	the	payment	period.
Note	that	schools	are	not	limited	to	one	or	the	other	of	the	policies	described	above.	Schools	may	have	a	policy	of
recalculating	awards	when	there	is	a	change	in	costs	at	any	time	during	an	award	year	(whether	within	a	payment	period
or	between	payment	periods),	as	long	as	the	recalculation	policy	is	carried	out	for	all	students	whose	costs	change.
Schools	may	not	recalculate	the	payment	for	a	payment	period	that	took	place	before	the	cost	change.	For	instance,	if	a
student	lives	in	the	dormitory	during	the	first	quarter	and	then	moves	off	campus	for	the	second	and	third	quarters,	the
recalculation	would	only	affect	the	payments	for	the	second	and	third	quarters.
Crossover	Periods
Crossover	periods	are	payment,	award,	or	loan	periods	that	overlap	two	award	years.	With	one	exception,	you	may
choose	which	award	year	SAI	to	use	for	a	student.	The	exception	is	that	when	awarding	FWS	to	a	student	not	attending
classes,	the	SAI	for	the	next	period	of	enrollment	must	be	used.
Table	2	at	the	end	of	this	section	summarizes	the	options	for	handling	crossover	payment	periods	in	the	
Title	IV	programs.
Note	that	for	the	award	year	selected,	the	student	must	have	an	official	SAI	calculated	by	the	FAFSA	Processing	System
(FPS),	and	for	a	Pell	Grant	the	FPS	must	also	have	processed	a	valid	Institutional	Student	Information	Record	(ISIR)	or