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Must annual loan limits be prorated for a Federal PLUS Loan or for a professional and graduate student who borrows a Federal Stafford Loan?

April 26, 2017annual borrows Federal graduate limits loan Plus professional prorated student

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Must annual loan limits be prorated for a Federal PLUS Loan or for a professional and graduate student who borrows a Federal Stafford Loan?

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A. No. Prorated annual loan limits are required only for Federal Stafford Loans certified for undergraduate borrowers who are enrolled in a program of less than an academic year in length or enrolled in the final period of study that is less than an academic year. Source: Federal Student Aid Handbook, Volume 8-Direct Loan and FFEL Programs, p. 8-26 through 8-29.