<div dir="ltr"><div><div>Two significant changes to federal student loan eligibility are coming this fall:<br><ul><li style="margin-left:15px">Federal Loan Proration for Part-Time Students (see details below)</li><li style="margin-left:15px">Federal Loan Schedule of Reductions for Course Drops or Withdrawals (see details below)</li></ul>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.<br><br>Visit our <a href="https://www.plattsburgh.edu/cost-aid/scholarships/loan-programs.html" target="_blank">website</a> for loan proration tables, reduction schedules, and more details.<br><br><b>Federal Loan Proration for Part-Time Students</b><br>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.<br><ul><li style="margin-left:15px">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 style="margin-left:15px">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.</li></ul><b>Federal Loan Schedule of Reductions for Course Drops or Withdrawals</b><br>Beginning Fall 2026, your federal loan eligibility will be determined at the time of disbursement. If you drop or withdraw from a course before disbursement, your award will be recalculated using the part-time proration rules above. If you drop or withdraw from a course after disbursement, the amount already disbursed will not be reduced; however, future loan disbursements will be adjusted based on your revised annual limit.<br><ul><li style="margin-left:15px">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 style="margin-left:15px">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.</li></ul>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.</div><div><br></div><div>Sincerely,</div><div>Todd<br><br></div><div><br style="color:rgb(0,0,0)"></div></div><div><br></div><span class="gmail_signature_prefix">-- </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="Helvetic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