diff --git a/models/staging/edfi_3/stage/stg_ef3__student_academic_records.sql b/models/staging/edfi_3/stage/stg_ef3__student_academic_records.sql
index c800c912..ef030f65 100644
--- a/models/staging/edfi_3/stage/stg_ef3__student_academic_records.sql
+++ b/models/staging/edfi_3/stage/stg_ef3__student_academic_records.sql
@@ -29,17 +29,33 @@ keyed as (
         {{ extract_extension(model_name=this.name, flatten=True) }}
     from base_academic_records
 ),
-deduped as (
+-- For x-year resources (those that do not include year in unique key), there's an edge case
+-- where a record we need for historic reporting could have been deleted in a later year. To avoid removing these,
+-- we need to first dedupe within year using last_modified_timestamp, then dedupe across years to get to a single record
+deduped_within_year as (
     {{
         dbt_utils.deduplicate(
             relation='keyed',
+            partition_by='k_student_academic_record, api_year',
+            order_by='last_modified_timestamp desc, pull_timestamp desc'
+        )
+    }}
+),
+-- .. then remove deletes as they shouldn't be used in x-year dedupe
+deduped_within_year_no_deletes as (
+    select * from deduped_within_year
+    {% if not is_incremental() %}
+    where not is_deleted
+    {% endif %}
+),
+-- .. and then dedupe across years to enforce the correct grain, keeping latest year that wasn't deleted
+deduped_across_years as (
+    {{
+        dbt_utils.deduplicate(
+            relation='deduped_within_year_no_deletes',
             partition_by='k_student_academic_record',
-            order_by='api_year desc, last_modified_timestamp desc, pull_timestamp desc'
+            order_by='api_year desc'
         )
     }}
 )
-select * from deduped
-{% if not is_incremental() %}
-where not is_deleted
-{% endif %}
-
+select * from deduped_across_years