Loan Proration for Graduating Borrowers

Per federal regulation UCCS is required to prorate a dependent or independent undergraduate student's annual Stafford loan limits, when they are enroll in one semester and will graduate in the same academic year. This mostly will affect students that will graduate from their program of study at the end of the fall term.

Proration Formula:

Loan Proration Formula:
Number of credit hours student enrolled for undergraduate
Number of credit hours in an academic year (24)
x annual Stafford loan limit

 

Examples for Students Enrolled Full-Time

Example of dependent student proration calculation:
12 credits enrolled
24 academic year credits
x 5500 subsidized loan = $2750
12 credits enrolled
24 academic year credits
x 2000 unsubsidized loan = $1000

 

Example of independent student proration calculation:
12 credits enrolled
24 academic year credits
x 5500 subsidized loan = $2750
12 credits enrolled
24 academic year credits
x 7000 unsubsidized loan = $3500

Examples for Students Enrolled Three-Quarter Time

Example of dependent student proration calculation:
9 credits enrolled
24 academic year credits
x 5500 subsidized loan = $2062
9 credits enrolled
24 academic year credits
x 2000 unsubsidized loan = $750

 

Example of independent student proration calculation:
9 credits enrolled
24 academic year credits
x 5500 subsidized loan = $2062
9 credits enrolled
24 academic year credits
x 7000 unsubsidized loan = $2625

Examples for Students Enrolled Half-Time

Example of dependent student proration calculation:
6 credits enrolled
24 academic year credits
x 5500 subsidized loan = $1375
6 credits enrolled
24 academic year credits
x 2000 unsubsidized loan = $500

 

Example of independent student proration calculation:
6 credits enrolled
24 academic year credits
x 5500 subsidized loan = $1375
6 credits enrolled
24 academic year credits
x 7000 unsubsidized loan = $1750