The academic year is a standardized measure that affects a number of federal student aid functions, including definitions of eligible programs and payment periods. It is expressed as a minimum number of credit or clock hours accrued over a minimum number of weeks of instructional time. “Academic year” is not to be confused with other measures of time, such as award year (July 1 – June 30), federal fiscal year (October 1 – September 30), or academic calendar (dates set by school).
Related topics in this Index: Program Eligibility; Payment Period
Search or browse the Knowledgebase for answers to regulatory and compliance questions submitted by financial aid administrators.
See top list entry for Program Eligibility
See top list entry for Program Eligibility
Revised Policy for Standard Term Length