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Oklahoma State University

Loan Proration for Graduating Borrowers

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

If you fail to notify the financial aid office of your upcoming graduation prior to the disbursement of your loans, the financial aid office will receive an official graduation list from the registrar's office and your loans may be adjusted which could result in a bill with the university.

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-Quarters-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