Financial Aid

Policies and Procedures

Federal Direct Loan Proration Policy


Loan proration impacts undergraduate students applying for graduation who are receiving Federal Direct Subsidized and/or Unsubsidized Loans.

Federal regulations require schools to prorate the Federal Direct Loan amounts for graduating undergraduate students when their final period of enrollment is less than a full academic year. The loan limit proration determines the maximum loan amount that a student may borrow for the final term of study based on enrollment and the degree they are earning.

Graduating undergraduate students who are only attending one semester of the academic year will have their Federal Direct Loans prorated based on the number of credit hours they are enrolled.

Note: Graduate and professional students are excluded from the loan proration requirement.

Loan Proration Amount Chart

The chart below provides an estimate of the prorated loan amount with consideration to enrollment, degree type, and dependency status as defined by the student’s FAFSA.  Other factors considered are: annual loan limits, lifetime amounts used,  the Expected Family Contribution (EFC) from the FAFSA, and other aid awarded.  Proration will occur by October 1st of the fall semester.

Credit Hours in Fall

Subsidized Loan Amount

Unsubsidized Loan Amount

Total Loan Amounts Combined

0 to 5

$0

$0

$0

6

$1,375

$500

$1,875

7

$1,604

$583

$2,188

8

$1,833

$667

$2,500

9

$2,063

$750

$2,813

10

$2,292

$833

$3,125

11

$2,521

$917

$3,438

12

$2,750

$1,000

$3,750

13

$2,979

$1,083

$4,063

14

$3,208

$1,167

$4,375

15

$3,438

$1,250

$4,688

16

$3,667

$1,333

$5,000

17

$3,896

$1,417

$5,313

18

$4,125

$1,500

$5,625

19

$4,354

$1,583

$5,938

20

$4,583

$1,667

$6,250

Credit Hours in Fall

Subsidized Loan Amount

Unsubsidized Loan Amount

Total Loan Amounts Combined

0 to 5

$0

$0

$0

6

$1,375

$1,750

$3,125

7

$1,604

$2,042

$3,646

8

$1,833

$2,333

$4,167

9

$2,063

$2,625

$4,688

10

$2,292

$2,917

$5,208

11

$2,521

$3,208

$5,729

12

$2,750

$3,500

$6,250

13

$2,979

$3,792

$6,771

14

$3,208

$4,083

$7,292

15

$3,438

$4,375

$7,813

16

$3,667

$4,667

$8,333

17

$3,896

$4,958

$8,854

18

$4,125

$5,250

$9,375

19

$4,354

$5,542

$9,896

20

$4,583

$5,833

$10,417