Background for Processing for Summer Packaging

If you select Scheduled Academic Year for Academic Year Type, Yes for Package in Summer, and Trailer or Header for Uses Summer, Anthology Student calculates the number of disbursements and Title IV amounts in the financial aid packaging process (including automatic packaging and estimates). Anthology Student only includes fund sources that have been configured to be awarded in the summer.

Anthology Student also uses a different method to create the academic years for program versions configured with summer headers or trailers.

Number of Disbursements

The table shows the number of disbursements for program versions configured with a summer header or trailer.

Selection	Start Term	Number of Disbursements	Disbursement Start Date
Semesters Fall and Spring with a Summer Trailer and Package for Summer	Fall	Three disbursements in the SAY	Disbursement 1 – Fall term Disbursement 2 – Spring term Disbursement 3 – Summer term
	Spring	Two disbursements	Disbursement 1 – Spring term Disbursement 2 – Summer term
	Summer	One disbursement for Summer Trailer	Disbursement 1 – Summer term
Semesters Fall and Spring with a Summer Header plus Package for Summer	Summer	Three disbursements in the SAY	Disbursement 1 – Summer term Disbursement 2 – Fall term Disbursement 3 – Spring term
	Fall	Two disbursements	Disbursement 1 – Fall term Disbursement 2 – Spring term
	Spring	One disbursement	Disbursement 1 – Spring term
Quarters Fall, Winter, and Spring with a Summer Trailer plus Package for Summer	Fall	Four disbursements in the SAY	Disbursement 1 – Fall term Disbursement 2 – Winter term Disbursement 3 – Spring term Disbursement 4 – Summer term
	Winter	Three disbursements in the SAY	Disbursement 1 – Winter term Disbursement 2 – Spring term Disbursement 3 – Summer term
	Spring	Two disbursements in the SAY	Disbursement 1 – Spring term Disbursement 2 – Summer term
	Summer	One disbursements in the SAY	Disbursement 1 – Summer term
Quarters Fall, Winter, and Spring with a Summer Header plus Package for Summer	Summer	Four disbursements in the SAY	Disbursement 1 – Summer term Disbursement 2 – Fall term Disbursement 3 – Winter term Disbursement 4 – Spring term
	Fall	Three disbursements in the SAY	Disbursement 1 – Fall term Disbursement 2 – Winter term Disbursement 3 – Spring term
	Winter	Two disbursements in the SAY	Disbursement 1 – Winter term Disbursement 2 – Spring term
	Spring	One disbursement in the SAY	Disbursement 1 – Spring term

Formulas for Grants and Loans for Summer Header or Trailer

Anthology Student uses the following formula for Title IV awards.

Maximum Limit / Terms Student Will Attend in Academic Year

The table shows examples of Title IV grants and loans for academic calendars.

Academic Calendar	Formula Anthology Student Uses
	Grants	Loans
Standard terms of semesters	Amount Configured on Packaging Method / 3	Maximum Loan Limit Based on Grade Level / 3
Standard terms of quarters	Amount Configured on Packaging Method / 4	Maximum Loan Limit Based on Grade Level / 4

The table shows examples of the formula used for Pell grants for academic calendars.

Academic Calendar	Formula Anthology Student Uses
Standard terms of semesters	Maximum Limit Based on Summer Enrollment Status / 2
Standard terms of quarters	Maximum Limit Based on Summer Enrollment Status / 3

For Pell grants, the Additional Eligibility Indicator is selected if the regular Pell award + the summer Pell award exceeds the maximum for the award year.

Summer Header and Trailer and Academic Years

Anthology Student includes the summer header or trailer when it creates the academic years and matches the start and end dates with the summer header or trailer.

For a Schedule Academic Year, it creates the academic years based on the total credits calculated and: 

• The number of terms in the academic year

• The credits in the full academic year

The semester and trimester based academic calendars have 2 terms. The quarter based academic calendar has 3 terms, plus the summer header or trailer (4 terms). Using this configuration, Anthology Student creates academic years until all the credits are assigned.

For a student who is enrolled with transfer credits, the total credits for the program that the student is enrolled in are reduced by the number of the transfer credits.