What formula is used to calculate Pace in financial aid?

The formula used to calculate Pace in financial aid is based on the completion of coursework relative to the total hours attempted. Specifically, it is determined by dividing the number of completed hours by the number of attempted hours. This metric is essential for ensuring that students are progressing satisfactorily toward their degree or certificate completion, as it indicates the proportion of courses they have successfully completed compared to those they have attempted.

Pace calculation is crucial for maintaining eligibility for federal financial aid programs, as students must meet specific academic progress standards. The requirement typically stipulates that students must complete at least a certain percentage of their attempted coursework to remain eligible for financial assistance. By using the ratio of completed hours to attempted hours, institutions can objectively assess a student's progress.

Therefore, the choice that specifies this correct calculation reflects the proper understanding of how Pace is determined in the context of financial aid compliance and academic progress standards.