OBBBA Loan Proration
Changes to Federal Direct Loans for 2026-2027
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, enacted several changes to federal student aid programs.
Beginning in Summer 2026, students must be enrolled full-time (12 credits) each semester or complete at least 24 credits during the academic year to be eligible for the annual maximum loan amount.
Students enrolled part-time, as well as students who drop or withdraw from courses, will have reduced loan eligibility. This may include adjustments to loans that have already been disbursed for the semester.
More updates will be available soon. Visit the Student Aid website for the most recent update.
For full details, read the final rule: Reimagining and Improving Student Education - Federal Student Loan Program Final Regulations