Federal regulations require the annual maximum loan amount an undergraduate student may borrow be prorated in certain situations:
- When the student is enrolled in a program that is shorter than a full academic year.
- When the student is enrolled in a program that is one academic year or more in length, but the remaining period of study is shorter than a full academic year.
It is important to notify the Financial, Billing and Enrollment Center if you are graduating in the summer or fall terms. Loans adjusted after disbursement may result in a balance being owed to the university.
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