<div dir="ltr"><div dir="ltr"><div><p class="MsoNormal" style="margin:0in"><font face="arial, sans-serif">Hi,</font></p><p class="MsoNormal" style="margin:0in"><font face="arial, sans-serif"><br></font></p><p class="MsoNormal" style="margin:0in"><font face="arial, sans-serif">Two significant changes to federal student loan eligibility are coming this fall:</font><span style="font-family:arial,sans-serif;background-color:transparent"> </span></p><p class="MsoNormal" style="margin:0in"></p><ul><li><span style="font-family:arial,sans-serif;background-color:transparent">Federal Loan Proration for Part-Time Students (see details below)</span></li><li><span style="background-color:transparent;font-family:arial,sans-serif">Federal Loan Schedule of Reductions for Course Drops or Withdrawals (see details below)</span></li></ul><p></p><p class="MsoNormal" style="margin:0in"><span style="font-family:arial,sans-serif;background-color:transparent">If you plan to enroll part-time or are considering dropping or withdrawing from a course, please connect with Student Financial Services (SFS) beforehand to fully understand how these changes may affect your federal student loans.</span></p><p class="MsoNormal" style="margin:0in"><font face="arial, sans-serif"> </font></p><p class="MsoNormal" style="margin:0in"><font face="arial, sans-serif">Visit our <a href="https://www.plattsburgh.edu/cost-aid/scholarships/loan-programs.html" target="_blank" style="color:rgb(5,99,193)">website</a> for loan proration tables, reduction schedules, and more details.</font></p><p class="MsoNormal" style="margin:0in"><font face="arial, sans-serif"> </font></p><p class="MsoNormal" style="margin:0in"><b><font face="arial, sans-serif">Federal Loan Proration for Part-Time Students</font></b></p><p class="MsoNormal" style="margin:0in"><font face="arial, sans-serif">Beginning Fall 2026, your annual federal loan eligibility (subsidized and unsubsidized combined) will be prorated based on the number of aid-eligible credits you're taking. Previously, half-time enrollment was often enough to access your full annual loan limit. Under the new rules, your borrowing limit will be calculated as a percentage of the annual full-time course load.</font></p><p class="MsoNormal" style="margin:0in"></p><ul><li>Example for dependent undergraduate junior: The initial annual loan maximum is $7,500 based on full-time enrollment (24 or more aid-eligible credits). At half-time enrollment for the year (6 in fall and 6 in spring), a student would be eligible for 50% of that limit or $3,750 for the year.</li><li><span style="font-family:arial,sans-serif;background-color:transparent">Example for graduate student: The initial annual loan maximum is $20,500 based on full-time enrollment (24 or more aid-eligible credits). At half-time enrollment for the year (6 in fall and 6 in spring), a student would be eligible for 50% of that limit or $10,250 for the year.</span></li></ul><p></p><p class="MsoNormal" style="margin:0in"><b style="background-color:transparent"><font face="arial, sans-serif">Federal Loan Schedule of Reductions for Course Drops or Withdrawals</font></b></p><p class="MsoNormal" style="margin:0in"><font face="arial, sans-serif">Beginning Fall 2026, your federal loan eligibility will be determined at the time of disbursement. If you drop or withdraw from a course <u>before</u> disbursement, your award will be recalculated using the part-time proration rules above. If you drop or withdraw from a course <u>after</u> disbursement, the amount already disbursed will not be reduced; however, future loan disbursements will be adjusted based on your revised annual limit.</font></p><p class="MsoNormal" style="margin:0in"></p><ul><li>Example for dependent undergraduate junior: Your initial annual loan maximum is $7,500 ($3,750 per semester) because you are enrolled full-time (24 aid-eligible credits). If you withdraw from a 3-credit course in the fall after disbursement, SFS would be obligated to reduce your spring loan by $900 (from $3,750 to $2,850) if you do not add any aid-eligible courses in the spring.</li><li><span style="font-family:arial,sans-serif;background-color:transparent">Example for graduate student: Your initial annual loan maximum is $20,500 ($10,250 per semester) because you are enrolled full-time (24 aid-eligible credits). If you withdraw from a 5-credit course in the fall after disbursement, SFS would be obligated to reduce your spring loan by $4,305 (from $10,250 to $5,945) if you do not add any aid-eligible courses in the spring.</span></li></ul><p></p><p class="MsoNormal" style="margin:0in"><span style="font-family:arial,sans-serif;background-color:transparent">If SFS must reduce your spring loan, you may be able to reverse that reduction by adding aid-eligible coursework during the winter or spring semester, bringing your annual total above 24 aid-eligible credits (full-time equivalent), assuming you continue to meet all other eligibility requirements.</span></p></div><span class="gmail_signature_prefix"><div dir="ltr"><span class="gmail_signature_prefix"><br></span></div>-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div><font face="arial, helvetica, sans-serif"><br></font></div><div><div style="margin:0px;padding:0px;background-position:50% 0%;background-repeat:no-repeat;word-break:break-word;color:rgb(0,0,0);font-family:Helvetica,Arial,sans-serif;font-weight:bold;text-transform:uppercase;font-size:14px">TODD MORAVEC<span style="background-position:50% 0%;background-repeat:no-repeat;word-break:break-word;margin-bottom:0px;font-weight:normal;font-size:0.9em">, MHSA, MA</span></div><div style="margin:0px;padding:0px;background-position:50% 0%;background-repeat:no-repeat;word-break:break-word;color:rgb(0,0,0);font-size:12px"><font face="arial, sans-serif">(He, his, him, himself)</font><br></div><div style="margin:0px;padding:0px;background-position:50% 0%;background-repeat:no-repeat;word-break:break-word"><p style="margin:0in 0in 0.0001pt;background-image:initial;background-position:initial;background-repeat:initial"><span style="color:rgb(0,0,0);font-size:12px;font-family:Helvetica,Arial,sans-serif">Director of Student Financial Services</span><br><font color="#000000" face="Helvetica, Arial, sans-serif"><span style="font-size:12px">401 Kehoe Building</span></font><br><span style="color:rgb(0,0,0);font-size:12px;font-family:Helvetica,Arial,sans-serif">101 Broad Street</span><br></p><div style="color:rgb(136,136,136);font-size:small"><div style="margin:0px;padding:0px;background-position:50% 0%;background-repeat:no-repeat;word-break:break-word;color:rgb(0,0,0);font-size:12px;display:inline-block;font-family:Helvetica,Arial,sans-serif;line-height:18px"><div style="margin:0px;padding:0px;background-position:50% 0%;background-repeat:no-repeat;word-break:break-word">Plattsburgh, NY 12901</div></div></div><div style="color:rgb(136,136,136);font-size:small"><span style="color:rgb(0,0,0);font-family:Helvetica,Arial,sans-serif;font-size:12px;background-position:50% 0%;background-repeat:no-repeat;word-break:break-word">(o) </span><a href="tel:+1-518-564-2130" title="Office Phone Number" style="color:rgb(200,16,46);background-color:transparent;font-family:Helvetica,Arial,sans-serif;font-size:12px;line-height:inherit;background-position:50% 0%;background-repeat:no-repeat;word-break:break-word;margin-bottom:0px;display:inline" target="_blank">518-564-2072</a></div></div><div style="margin:0px;padding:0px;background-position:50% 0%;background-repeat:no-repeat;word-break:break-word;color:rgb(0,0,0);font-size:12px"><a href="https://www.plattsburgh.edu/" title="State University of New York at Plattsburgh Link" style="line-height:inherit;background-position:50% 0%;background-repeat:no-repeat;word-break:break-word;margin-bottom:0px;font-family:Helvetica,Arial,sans-serif;font-weight:bold;color:rgb(200,16,46)" target="_blank">plattsburgh.edu</a><br></div><p style="color:rgb(0,0,0);font-size:12.8px;margin:0px;line-height:normal;font-family:Arial"><b><br></b></p><p style="color:rgb(0,0,0);font-size:12.8px;margin:0px;line-height:normal;font-family:Arial"><img width="200" height="33" src="https://ci3.googleusercontent.com/mail-sig/AIorK4zFzguhGH4V0fSlT5_bqguWogECLVzP8msdIpg_wrdFtp0fjztkk-NrnO2hiF3S2vtyVAA_yms"><br></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div>