Near Aggs
Calculate Unsub Limit
DEP
Soph
Sub Limit 800
5700
What does SOR Stand For?
Schedule Of Reductions
Student is taking 17.5 Credits. fill in the next step of the SOR formula
17.5/24=.729
.729 x (?)=?
.729 x 100= 72.9 AND Round up to 73% or .73!
6 Credits
Independent
Sophomore
NSLDS Clear
$1,125 Sub
$1,500 Unsub
Calculate Unsub Limit
IND
Freshmen
Sub Limit 200
9300
Who does SOR impact?
Students in term based programs taking less than 24 credits in 2 terms.
Calculate SOR
SOR % 76
DEP
SOPH
SUB 3420
UNSUB- 1520
9.5 Credits
Independent
First Year
NSLDS Clear
$1,385 Sub
$2,375 Unsub
Calculate SOR
SOR % 71 (17 Credits)
IND
Freshman
Sub Limit 500
Sub 355
Unsub 6390
What resource should you use to calculate SOR?
SOR Calculator
Calculate SOR
SOR % 54
IND
Freshman
SUB 1890
UNSUB 3240
10.5 Credits
Dependent
First Year/Potential Sophomore
NSLDS Clear
$1,531 Sub
$438 Potential Sub
$875 Unsub
Calculate SOR
SOR 75% (18 Credits)
IND
Sub Limit 1500
Soph
Sub 1125
Unsub 6750
When determining Annual Limit, what 4 things should you consider?
Grade Level
Annual and Agg Limits
Lifetime Eligibility
Dependency Status
Calculate SOR
SOR % 73
IND
SOPH
SUB 3285
UNSUB 4380
12.5 Credits
Independent
Sophomore
NSLDS: Sub left before Agg Limits $1,050
$1,050 Sub
$4,419 Unsub
Total Credits-19
Dep
Freshman
Sub Limit 1000
Sub 790
Unsub 3555
Determine Annual loan limit
Sub: 1000
Unsub: 5500-1000=4500
Calculate SOR %
19/24=.7916 * 100= 79.16 (round down 79% or .79)
Determine New SOR Annual Limit
1000*.79=790
4500*.79=3555
What are the 4 steps of calculating/Awarding SOR?
Determine Annual loan limit
Calculate SOR %
Determine New SOR Annual Limit
Award Loans using new limits
Calculate SOR:
14.5 Credits
Freshman
DEP Student
SUB 2100
Unsub 1200
How many credits must this student be taking?
$1,240 Sub
$2,125 Unsub
8.5 credits
First Year