Loan Proration
Loan proration affects undergraduate federal student loan borrowers with an anticipated December graduation.
When undergraduate students complete their degrees in the middle of the academic year, we are required to prorate the loan based on the student’s enrollment in federal aid eligible courses for the fall semester.
- What are the maximum prorated loan amounts based on enrolled hours?
- Can loans be prorated for graduate or professional students?
What Are the Maximum Prorated Loan Amounts Based on Enrolled Hours?
Please note these are the maximum amounts for the student’s enrollment in federal aid eligible courses for the fall semester. The loan amount may be less if the student does not have room in their budget for the maximum amount or has reached their aggregate loan limit (total amount they can borrow as an undergraduate student).
Information on what qualifies a student as "dependent" or "independent" for financial aid purposes can be found on the Federal Student Aid Dependency Status website.
| Fall Credits* | Dependent Undergraduate | Independent Undergraduate |
|---|---|---|
| 6 | $1,875 | $3,124 |
| 7 | $2,187 | $3,645 |
| 8 | $2,500 | $4,166 |
| 9 | $2,812 | $4,687 |
| 10 | $3,125 | $5,208 |
| 11 | $3,437 | $5,729 |
| 12 | $3,750 | $6,249 |
| 13 | $4,062 | $6,770 |
| 14 | $4,375 | $7,291 |
| 15 | $4,687 | $7,812 |
| 16 | $5,000 | $8,333 |
| 17 | $5,312 | $8,854 |
| 18 | $5,625 | $9,374 |
*Fall credits must be in in federal aid eligible courses.
Can Loans Be Prorated for Graduate or Professional Students?
Only undergraduate students completing their degrees in the middle of the academic year are eligible for loan proration.