Loan Proration
Per federal regulation, Jefferson Community and Technical College is required to prorate a dependent or independent undergraduate student's annual Direct Loan limits, when they are enrolled in one semester and will graduate in the same academic year. This will mostly affect students that will graduate from their program of study at the end of the fall term.
Loan Proration Formula:
| Credit hours enrolled | Loan limit |
| Credit Hours in an Academic Year (24) | x Annual Direct Loan Limit |
The following examples are for Grade Level 1/Freshman Status Only
Examples for Students Enrolled Full-Time
Example of dependent student proration calculation:
| Credit hours enrolled | Loan limit | Total |
| 12 credits enrolled 24 academic year credits |
x 3500 subsidized loan | = $1750 |
| 12 credits enrolled 24 academic year credits |
x 2000 unsubsidized loan | = $1000 |
Example of independent student proration calculation:
| Credit hours enrolled | Loan limit | Total |
| 12 credits enrolled 24 academic year credits |
x 3500 subsidized loan | = $1750 |
| 12 credits enrolled 24 academic year credits |
x 6000 unsubsidized loan | = $3000 |
Examples for Students Enrolled Three-Quarter Time
Example of dependent student proration calculation:
| Credit hours enrolled | Loan limit | Total |
| 9 credits enrolled 24 academic year credits |
x 3500 subsidized loan | = $1312 |
| 9 credits enrolled 24 academic year credits |
x 2000 unsubsidized loan | = $750 |
Example of independent student proration calculation:
| Credit hours enrolled | Loan limit | Total |
| 9 credits enrolled 24 academic year credits |
x 3500 subsidized loan | = $1312 |
| 9 credits enrolled 24 academic year credits |
x 6000 unsubsidized loan | = $2250 |
Examples for Students Enrolled Half-Time
Example of dependent student proration calculation:
| Credit hours enrolled | Loan limit | Total |
| 6 credits enrolled 24 academic year credits |
x 3500 subsidized loan | = $875 |
| 6 credits enrolled 24 academic year credits |
x 2000 unsubsidized loan | = $500 |
Example of independent student proration calculation:
| Credit hours enrolled | Loan limit | Total |
| 6 credits enrolled 24 academic year credits |
x 3500 subsidized loan | = $875 |
| 6 credits enrolled 24 academic year credits |
x 6000 unsubsidized loan | = $1500 |
