Schedule Of Reductions!

Near Aggs

100

Calculate Unsub Limit

_DEP 

_Soph

_{Sub Limit 800}

5700

200

Calculate Unsub Limit

_IND 

_Freshmen

_{Sub Limit 200}

9300

300

Calculate SOR

_{SOR % 71 (17 Credits)}

_IND

_Freshman 

_{Sub Limit 500}

Sub 355

Unsub 6390

400

Calculate SOR

_{SOR 75% (18 Credits)}

_IND

_{Sub Limit 1500}

_Soph

Sub 1125

Unsub 6750

500

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}

SOR BASICS

100

What does SOR Stand For?

Schedule Of Reductions

200

Who does SOR impact?

Students in term based programs taking less than 24 credits in 2 terms. 

300

What resource should you use to calculate SOR?

SOR Calculator

  

400

When determining Annual Limit, what 4 things should you consider?

Grade Level

Annual and Agg Limits

Lifetime Eligibility

Dependency Status 

500

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

CALC SOR

100

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!

200

Calculate SOR

_{SOR % 76}

_DEP 

_SOPH

SUB 3420

UNSUB- 1520

300

Calculate SOR

_{SOR % 54}

_IND

_Freshman

SUB 1890

UNSUB 3240

400

Calculate SOR

SOR % 73

IND

SOPH

SUB 3285

UNSUB 4380

500

Calculate SOR:

_{14.5 Credits}

_Freshman

_{DEP Student}

SUB 2100

Unsub 1200

Single Term

100

6 Credits 

Independent 

Sophomore 

NSLDS Clear 

$1,125 Sub

$1,500 Unsub

200

9.5 Credits 

Independent 

First Year 

NSLDS Clear 

$1,385 Sub 

$2,375 Unsub

300

10.5 Credits 

Dependent 

First Year/Potential Sophomore

NSLDS Clear 

$1,531 Sub 

$438 Potential Sub 

$875 Unsub

400

12.5 Credits 

Independent 

Sophomore 

NSLDS: Sub left before Agg Limits $1,050

$1,050 Sub 

$4,419 Unsub 

500

How many credits must this student be taking? 

$1,240 Sub 

$2,125 Unsub

8.5 credits 

First Year