"Last academic year" refers to the most recent year of education, typically within a school or university setting. It is the year just before the current year. Full definition
My term ended last academic year, and I still haven't made any career decisions. (sciencemag.org)
-LSB-...] out «Bring a SRL to School Day» which took place last academic year at three Ontario law schools. (representingyourselfcanada.com)
If that hypothetical student borrowed using a federal direct loan for graduate school, which had a rate of 5.84 percent last academic year, she would have accrued $ 1,682 in interest during the grace period. (cnbc.com)