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Department lays out formula to prorate annual loan limits for less‑than‑full‑time enrollment
Summary
Negotiators reviewed a proposed regulatory formula that prorates annual direct loan limits based on academic‑year credit hours (using a 24‑credit baseline in many examples); department staff said schools must adjust second disbursements if actual enrollment differs.
The negotiators at the U.S. Department of Education’s negotiated rulemaking session examined a draft regulatory formula that would prorate annual direct loan limits when a student is enrolled less than full time.
Facilitator (session lead) said the draft moves a statutory date range and clarifies plan labels in the text, noting ‘‘The language here, we removed the date between 07/04/2025 through 06/30/2028’’ and that the text now references income‑contingent or income‑based repayment plans in the paragraph.
Department staff presented the schedule of reductions as an explicit mathematical formula tied to academic‑year credit hours. Jeff, a department presenter,…
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