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Due to Federal regulations changes for the academic year 2012-2013, any undergraduate student who is graduating in Fall, Spring or Summer term will have their Federal Direct Loans prorated during their final term of study. The loan limit proration determines the maximum loan amount that a student may borrow for their final term of study.

Proration Loan Limit

Calculating annual loan limits-the annual limit for the student's grade level is multiplied by the following fraction to determine the prorated loan amount.

Subsidized and Unsubsidized must be calculated separately.


Student is enrolled in 6 credit hours and will graduate at the end of fall term with a Bachelor's degree:

6/24 X $5,500 = $1375 Subsidized : (Dependent and Independent Student)

6/24 X $2,000 = $500 Unsubsidized (Dependent Student Only)

6/24 X $7,000 = $1750 Unsubsidized (Independent Student Only)

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