When are schools required to recalculate the cost of attendance used to certify a FFEL Program loan when a students enrollment status changes from full time to at least half time?
A. For FFEL Program (and Direct Program) loans, the school is not required to recalculate the cost of attendance when a student’s enrollment changes after the loan is certified, provided the student’s enrollment does not drop below half time. (Different requirements may apply to other Title IV programs.) A school may choose to monitor a student’s enrollment, adjust the cost of attendance, and recalculate FFEL Program loan eligibility accordingly. A school that chooses this option should document this practice in its policies and apply the policy consistently. Source: Dear Colleague Letter GEN-90-33, dated September 1990, Q/A #73. Expected Family Contribution (back to top) Q. What are the acceptable methods for determining a student’s Expected Family Contribution (EFC) when a school is calculating the student’s Federal Stafford Loan eligibility for a summer enrollment period separately from the academic year? A. (1) A school may always use the alternate, prorated EFC figure from the stu
