Your Thoughts: What Language Are You Using To Inform Students Of The 150 Percent Limit?

A legislative change, effective July 1, 2013, mandated that students who are otherwise eligible may only receive federal subsidized loans for 150 percent of the published timeframe for their program of study. We want to hear from you! Share with your colleagues the language/verbiage your institution is using to inform students of this change in the comments section below and scroll through to see what other NASFAA members have to say.

 

Publication Date: 4/17/2014


Francisco V | 4/17/2014 12:22:30 PM

We have this plus a link to the doc referenced above:
EFFECTIVE July 1, 2013:

Time Limitation of Direct Subsidized Loan Eligibility for First-Time Borrowers

There is a limit on the maximum period of time (measured in academic years) that a student can receive Direct Subsidized Loans. In general, students may not receive Direct Subsidized Loans for more than 150% of the published length of their program. For more information regarding this 150% limitation on Direct Subsidized Loans please click here.

http://ifap.ed.gov/eannouncements/attachments/051613DirectSubsidizedLoanLimit150PercentAnnounce1Attach.pdf

Jackie W | 4/17/2014 11:42:11 AM

We have a link to this interactive document from IFAP on a special section of our website to explain the 150% limit. http://www.ifap.ed.gov/eannouncements/attachments/051613DirectSubsidizedLoanLimit150PercentAnnounce1Attach.pdf

Kristopher H | 4/17/2014 9:15:10 AM

"There is a limit to the total amount of Federal Direct Subsidized student loans that you may receive. Please visit http://studentaid.ed.gov/types/loans/subsidized-unsubsidized#is-there-a-time-limit for more information."

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