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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?

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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?

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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

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