Reminders & Updates

Federal Direct Subsidized Loan: 150% Eligibility Limitation

Posted on October 18, 2013

As a result of the Public Law 112-141, Moving Ahead for Progress in the 21st Century Act (MAP-21) enacted in July 2012, students who are first time borrowers on or after July 1, 2013 will now be limited to receiving subsidized loan funds for only 150% of the published length of their academic program regardless of if they have met the aggregate limit of subsidized funds ($23,000). Any remaining  loan amount eligibility will be received only as Unsubsidized Stafford funds.

Example: If you are in a 4 year degree program, you may receive Subsidized Stafford Funds for up to 6 years. After that time, if you were to attend an additional semester (and had any loan eligibility remaining) you would only be eligible to receive an Unsubsidized Loan.

Please click here for more information regarding this law or the 150% rule.