Graduate loan limits
Who keeps Grad PLUS, who falls under the new limits, and what to tell them.
2 of 3 cases need attention
Choose a case and continue from its current handoff.
Proration needed
New master's borrower is packaged at the full-time limit
Sample case status
Nadia does not qualify for the interim Grad PLUS exception and is enrolled for 12 of the 24 credits considered full time for the academic year. Her $20,500 annual Direct Unsubsidized Loan limit must be reduced to $10,250.
Review the 50% calculation, reduce the pending loan to $10,250, and review the student explanation before it is sent.
Exception status checked
COD does not show a loan-limit exception for Nadia's MBA program.
Enrollment proportion calculated
Twelve enrolled credits divided by the program's 24-credit full-time academic year produces 50%.
Review the $10,250 limit
Review the 50% calculation, reduce the pending loan to $10,250, and review the student explanation before it is sent.
Release the revised package
Apply the authorized $10,250 limit and send the reviewed explanation to the student.
The workflow
Run a de-identified graduate roster against COD exception status, program classification, enrollment, and federal loan history.