Loan Proration | Kent State University

Loan Proration | Kent State University

Loan Proration for Graduating Borrowers

Federal laws require that when an undergraduate student is enrolled in a program that’s one educational yr or extra in size, however is in a remaining interval of research that’s shorter than a full educational yr, their Federal Direct Loan quantity have to be prorated.

Students who graduate in Summer Session or Fall time period can have their Federal Direct Loans prorated throughout their remaining semester.  The loan restrict proration determines the utmost loan quantity {that a} student could borrow for the ultimate time period of research primarily based on the diploma they’re incomes.

It is necessary to inform the student monetary help workplace if you’re graduating in the summertime or fall phrases.  Your loans may very well be adjusted after disbursement which may lead to a invoice with the college.

Use the chart under to find out your eligibility.

Bachelor’s Degree

Dependent Student

Credit Hours in Final Semester Subsidized Loans Unsubsidized Loans Total Combined
20 $4565 $1660 $6225
19 $4345 $1580 $5925
18 $4125 $1500 $5625
17 $3905 $1420 $5325
16 $3685 $1340 $5025
15 $3465 $1260 $4725
14 $3190 $1160 $4350
13 $2970 $1080 $4050
12 $2750 $1000 $3750
11 $2530 $920 $3450
10 $2310 $840 $3150
9 $2090 $760 $2850
8 $1815 $660 $2475
7 $1595 $580 $2175
6 $1375 $500 $1875

Independent Student

Credit Hours in Final Semester Subsidized Loans Unsubsidized Loans Total Combined
20 $4565 $5810 $10375
19 $4345 $5530 $9875
18 $4125 $5250 $9375
17 $3905 $4970 $8875
16 $3685 $4690 $8375
15 $3465 $4410 $7875
14 $3190 $4060 $7250
13 $2970 $3780 $6750
12 $2750 $3500 $6250
11 $2530 $3220 $5750
10 $2310 $2940 $5250
9 $2090 $2660 $4750
8 $1815 $2310 $4125
7 $1595 $2030 $3625
6 $1375 $1750 $3125
READ:   How A Change in Your Student Loan Provider Could Impact Your Credit Score

Associate’s DEGREE

Dependent Student

Credit Hours in Final Semester Subsidized Loans Unsubsidized Loans Total Combined
20 $3735 $1660 $5395
19 $3555 $1580 $5135
18 $3375 $1500 $4875
17 $3195 $1420 $4615
16 $3015 $1340 $4355
15 $2835 $1260 $4095
14 $2610 $1160 $3770
13 $2430 $1080 $3510
12 $2250 $1000 $3250
11 $2070 $920 $2990
10 $1890 $840 $2730
9 $1710 $760 $2470
8 $1485 $660 $2145
7 $1305 $580 $1885
6 $1125 $500 $1625

Independent Student

Credit Hours in Final Semester Subsidized Loans Unsubsidized Loans Total Combined
20 $3735 $4980 $8715
19 $3555 $4740 $8295
18 $3375 $4500 $7875
17 $3195 $4260 $7455
16 $3015 $4020 $7035
15 $2835 $3780 $6615
14 $2610 $3480 $6090
13 $2430 $3240 $5670
12 $2250 $3000 $5250
11 $2070 $2760 $4830
10 $1890 $2520 $4410
9 $1710 $2280 $3990
8 $1485 $1980 $3465
7 $1305 $1740 $3045
6 $1125 $1500 $2625