If you are a graduating senior and only attending one semester, Financial Aid and Scholarship Services is required to reduce your financial cost of attendance for the academic year to reflect one semester costs. In most cases, a reduction of your cost of attendance will reduce your financial aid eligibility and result in a reduction of some of your awards (even if you have already accepted them). If you plan on attending one semester, please contact us or visit our office to see how your aid will be affected.
- You may not receive all of your fall/spring financial aid in the fall semester.
- You may not be considered a fall-only student if you are not graduating for the fall (i.e., you must apply for graduation with the university).
- Your Federal Direct Stafford Loans will prorate if you are an undergraduate or post-baccalaureate student (see below for details).
- If you were originally offered aid for the fall and spring semesters and do not end up attending the fall semester, your entire aid package may be cancelled mid-fall. If you plan on attending the following spring semester, please make sure to accept your aid on My ASU and enroll for the spring semester.
Federal Direct Stafford Loans
If you are an undergraduate or post-baccalaureate student, your Federal Direct Stafford Loans must be prorated based on the number of credit hours for which you are enrolled. This means that you may not be eligible to receive your maximum annual loan limit. The chart below is an estimate displaying typical prorated loan amounts.
If, after reviewing the chart below, you feel you are eligible to receive additional loan funds, submit a Student Loan Adjustment form. If ASU determines you are eligible to receive an increase to your loans, the funds will be posted to your account the day after the census date of Session B. See the Financial Aid Calendar for census dates.
|Graduating Senior Loan Proration Chart|
|Enrolled Number of Credit Hours||Dependent Student||Independent Student|
|Note: This policy does not affect Parent PLUS Loan limits.|