Proration of Federal Direct Loan Programs

All students enrolled in the final year of an undergraduate program are subject to proration of FDLP loan amounts if the enrollment period is less than the standard academic year for that program.  Proration amounts will be calculated according to the following chart:

Enrollment > 2/3 academic year = 2/3 loan limit

Enrollment = 1/3 but < 2/3 academic year = 1/3 loan limit

Enrollment < 1/3 academic year = ineligible

EXAMPLE: Regular Academic Program: 06/18/03-06/14/04 (12 mos.)

                          FDLP Loan Eligibility $5,500

                    Student Enrolled: 06/18/03-10/2604 (4 mos.)

                          FDLP Loan Eligibility $1,834