Loan Proration

Loan Proration for Graduating Borrowers and Part-time Students

NEW for 2627: As a result of the One Big Beautiful Bill Act, loans for students not attending full-time will be adjusted/reduced if enrolled less than 24 hours for the academic year.  Because the federal rulemaking process is ongoing, details will continue to evolve, and this website will be updated with new information and FAQs and examples as more information is available.  This page will also be updated once additional information is available on the loan adjustment requirements for part-time students. 

Proration for Part-Time Students

Federal regulations require that when an undergraduate 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, their Federal Direct Loan amount must be prorated.

Proration for Graduating Students

Note: Final regulations pertaining to loan proration for graduating students is forthcoming. This page will be updated as more information is available.

Students who graduate in Summer Session or Fall term will have their Federal Direct Loans prorated during their final semester.  The loan limit proration determines the maximum loan amount that a student may borrow for the final term of study based on the degree they are earning.

It is important to notify the Financial, Billing and Enrollment Center if you are graduating in the summer or fall terms.  Your loans could be adjusted after disbursement which could result in a bill with the university.

Examples of loan proration scenarios will be provided as they become available.