Recent Changes
The One Big Beautiful Bill Act (OBBB) was signed into law on July 4, 2025. It introduces major changes to federal student loans and repayment plans starting July 1, 2026. Stay informed about the big updates from the new law.
This information and related policies are subject to change as rulemaking continues, and more details are released by the Department of Education. We appreciate your patience as we continue to receive new information and additional details that will allow us to better assist you.
Proration Criteria
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.
Graduate and professional students are not eligible for loan proration.
Proration Amounts
The values below 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 |