IMPORTANT INFORMATION ABOUT YOUR FINANCIAL AID:
Subsidized Loan Eligibility Limit
There is now a maximum eligibility period which affects Direct Subsidized Loan Eligibility for 1st time borrowers ON or AFTER July 1, 2013. There is now a limit on the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. In general, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program. This is called your “maximum eligibility period”. You can usually find the published length of any program of study in your school’s catalog.
For example, if you are enrolled in a 4-year bachelor’s degree program, the maximum period for which you can receive Direct Subsidized Loans is 6 years (150% of 4 years = 6 years). If you are enrolled in a 2-year associate degree program, the maximum period for which you can receive Direct Subsidized Loans is 3 years (150% of 2 years = 3 years).
Your maximum eligibility period is based on the published length of your current program. This means that your maximum eligibility period can change if you change programs. Also, if you receive Direct Subsidized Loans for one program and then change to another program, the Direct Subsidized Loans you received for the earlier program will generally count against your new maximum eligibility period. For additional information and examples, please review the official announcement
from the US Department of Education.
Official enrollment data for the enrollment period will be locked by the Registrar immediately following the last day to add/drop a course.
Student Financial Services will determine student eligibility for federal, state and institutional funds. Students’ enrollment status (full-time, half-time, less than half-time) will not change after this date.
· Credits added after the census date cannot be used to increase financial aid eligibility.
· The courses each student is enrolled in and attending as of the census date will determine the amount of financial aid they are eligible to receive.
· For students who reduce their enrollment after the first day of class, but do not add a course on or before the census date, aid will be decreased to match their enrollment.