Students Graduating in Fall

Undergraduate students who are enrolled in Fall and will be graduating in Fall/December will have their annual offered 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 offered 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 Asheville 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 after fall registration and before your 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 Direct Student 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.
• After the Census Date (tenth day of classes), Federal Direct Stafford loans are recalculated and prorated based on the student’s actual enrollment, if enrollment has changed after the initial offer.

Loan Proration Amount Chart

The chart below provides an estimate on the proration amount of the loan with consideration of the hours enrolled, and dependency status as defined by the student’s FAFSA.  Other factors that could affect loan amounts offered are: annual loan limits, lifetime amounts used, the Expected Family Contribution (EFC) from the FAFSA, and other aid awarded.