Students Graduating in Fall

Stafford Loan Proration - for Undergraduate Students

Undergraduate students who are enrolled in one semester and will graduate in the same academic year (i.e., enrolled in Fall and will be graduating in Fall/December) will have their annual Stafford loan prorated for their final term.  This means you will receive the correct portion of your annual allotment for Stafford 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 Student 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 Stafford loan limit will be prorated for your final term.
    • Your Stafford loan will be correctly disbursed using the proration calculation below.

The following examples explain the proration calculation of Stafford Loans for students graduating in December:

Examples for Students Enrolled Full-Time (12 hours): 

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 Half-Time (6 hours): 

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

 

 

Examples for Students Enrolled Three-Quarters-Time (9 hours): 

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