The new law requires that annual loan amounts be prorated based on your enrollment level. This change applies to all loans borrowed for the 2026–27 academic year. Eligibility will be determined at the time of disbursement, using the number of credit hours considered full-time for the academic year.
For example, an undergraduate student is considered full-time when enrolled in 12 credit hours per semester (24 hours for the academic year). A first-year student who enrolls in 6 credit hours in the fall semester would be eligible for 25% (6/24) of the $5,500 annual loan limit, or $1,375, for the fall term.
If the same student enrolls in 9 credit hours in the spring, their total annual enrollment would be 15 credit hours (6 + 9), or 63% of full-time enrollment. The total loan eligibility would therefore be 63% of $5,500, minus the $1,375 already received in the fall, resulting in $2,090 for the spring term.
Note: Any courses dropped after the initial fall disbursement must be factored into the calculation of remaining eligibility for the spring disbursement.
