Reduction of Loans
Training to help students to understand that loan eligibility is now tied to enrollment hours
What is the Purpose of Reduction of Loans Guide?
Present options, Present Direct Pay options, Present Private sources
What is the Funding options approach steps?
Enrolled credit hours for the semester/ considered full time for the semester X100
$20,000 Per award year per dep student
What is Annual loan limit?
Helps SSA's to calculate loan eligibility
What is the Annual Loan limit calculator?
No plan cash payment, Custom payment plan
What is the Direct Pay options?
12 credit hours for the semester
What is full-time for undergrad?
This Loan has been eliminated
What is Grad Plus?
Enrolled credit hours AY/ Considered credit hours full time AY X100
What is the Annual loan limit calculation/formula?
EAB, and Scholarships
What is options that don't require repayment?
Eligibility _____ into the second semester, as long as it does not exceed the calculated annual loan limit
What is roll over?
$65,000 aggregate limit
What is Parent Plus loan aggerate limit?
What is the 26-27 Resource guide?
Educational loan options
What is Private sources?
6 credit hours for the semester
What is Full time for Grad?
Aggregate limit of $100,000
What is Graduate aggregate loan limit?