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The annual maximum loan amount an undergraduate student may borrow must be prorated when the student is enrolled in a program that is one academic year or more in length, but is in a remaining period of study that is shorter than a full academic year. Consult with your Financial Aid Office if you have any questions.

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.

Example:

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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