Students Graduating in Fall

Undergraduate students who are enrolled in Fall and will be graduating in Fall/December will have their annual awarded loan amount prorated for their final term. This page explains how much you will receive.


Federal Direct Loan Proration - for Undergraduate Students

Undergraduate students who are enrolled in Fall and will be graduating in Fall/December will have their annual awarded loan amount prorated for their final term.  This means you will receive the correct amount of your annual allotment for Direct Loans, since you will not be enrolled at UNC Charlotte for a full academic year. 

It is in your best interest to notify the Office of the Registrar and Office of Financial Aid that you plan to graduate in December before your Stafford student loan has disbursed at the beginning of the term. 

  • Students who have notified us of graduating in Fall AFTER loans have been disbursed:
    • Your annual Stafford loan limit will be prorated for your final term.
    • 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. 
  • Students who have notified us of graduating in Fall BEFORE loans have been disbursed:

    • Your annual Federal Direct Loan limit will be prorated for one semester.
    • Your Federal Direct Loan will be correctly disbursed using the proration calculation below.

Examples of proration calculation 

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

 

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

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