Loan Proration for Graduating Borrowers

Loan Proration for Graduating Borrowers

Per federal regulation UCCS is required to prorate a dependent or independent undergraduate student's annual Direct Loan limits, when they are enrolled in one semester and will graduate in the same academic year. This will mostly affect students that will graduate from their program of study at the end of the fall term.

Proration Formula

Loan Proration Formula:

Credit Hours Enrolled ÷ 24 Credit Hours in an Academic Year x Annual Direct Loan Limit
 

 

Examples for Students Enrolled Full-Time

Example of dependent student proration calculation:

Subsidized loan: 
12 credits enrolled ÷ 24 academic year credits x $5500 = $2,750 Subsidized eligibility
 

 

 

Unsubsidized loan:
12 credits enrolled ÷ 24 academic year credits x $2000 = $1,000 Unsubsidized eligibility
 

 

 

 

Example of independent student proration calculation:

Subsidized loan: 
12 credits enrolled ÷ 24 academic year credits x $5500 = $2,750 Subsidized eligibility
 

 

 

Unsubsidized loan:
12 credits enrolled ÷ 24 academic year credits x $7000 = $3,500 Unsubsidized eligibility
 

 

 

Examples for Students Enrolled Three-Quarter Time

Example of dependent student proration calculation:

Subsidized loan: 
9 credits enrolled ÷ 24 academic year credits x $5500 = $2,062 Subsidized eligibility
 

 

 

Unsubsidized loan:
9 credits enrolled ÷ 24 academic year credits x $2000 = $750 Unsubsidized eligibility
 

 

 

 

Example of independent student proration calculation:

Subsidized loan: 
9 credits enrolled ÷ 24 academic year credits x $5500 = $2,062 Subsidized eligibility
 

 

 

Unsubsidized loan:
9 credits enrolled ÷ 24 academic year credits x $7000 = $2,625 Unsubsidized eligibility
 

 

 

Examples for Students Enrolled Half Time

Example of dependent student proration calculation:

Subsidized loan: 
6 credits enrolled ÷ 24 academic year credits x $5500 = $2,062 Subsidized eligibility
 

 

 

Unsubsidized loan:
6 credits enrolled ÷ 24 academic year credits x $2000 = $750 Unsubsidized eligibility
 

 

 

 

Example of independent student proration calculation:

Subsidized loan: 
6 credits enrolled ÷ 24 academic year credits x $5500 = $1,375 Subsidized eligibility
 

 

 

Unsubsidized loan:
6 credits enrolled ÷ 24 academic year credits x $7000 = $1,750 Unsubsidized eligibility