Term Programs. Athlete’s first week at D1 may be prorated, contingent upon when this Agreement is initiated relative to the first of each week. Program Fees are only prorated once, upon initial enrollment with D1.
Term Programs. For a term correspondence program, as for other term-based programs, the payment period is the term. However, the school can’t disburse the Pell for a payment period until the student has completed 50% of the lessons or completes 50% of the work for the term, whichever is later. Residential training If the correspondence program has a required period of residential training, the school must treat the residential training as an additional payment period and determine the payment for that payment period using either Formula 3 or Formula 4. Note that the correspondence portion of the program’s still treated as a separate portion of the program that’s divided into two equal payment periods. Rounding Previously, schools were required to round to the nearest dollar when making disburse- ments. However, the new RFMS will accept cents in payment amounts. Schools are no longer required to round disbursements, but can if they choose. See Chapter 3 of this pub- lication for more on the RFMS reporting requirements; in particular, note that RFMS has very specific format requirements for payment amounts, and that schools will need to round up when reporting the total annual payment amount. When rounding disbursements, round up if the decimal is .50 or higher; round down if it’s less than .50. For instance, if a calculation resulted in a payment of $516.66, round up to $517. If the calculation result was $516.33, round down to $516. For a student who’s expected to be enrolled for more than one payment period in the award year, a school rounding disbursements would have to alternate rounding up and rounding down to ensure that the student receives the correct amount for the year. For ex- ample, if a student had a Scheduled Award of $1,025 to be paid in two payment peri- ods, the first payment would be $513 (rounded up from $512.50), and the second pay- ment would be $512 (rounded down to ensure that the student isn’t overpaid for the year).
Term Programs. Each term, students will be required to participate in a Training Record of Practical Sessions that contribute to the application of skills. These Term Programs are documented on the Log Book: Training Record of Practical Sessions (per term).
Term Programs. Xxxxxxx’s first week at D1 may be prorated, contingent upon when this Agreement is initiated relative to the first of each week. Program Fees are only prorated once, upon initial enrollment with D1.
