Schedule of Reduction Example 1: Undergraduate Students (Junior or higher level)
Maximum Federal Subsidized Annual Loan Amount for Full-Time: $5,500
Maximum Federal Unsubsidized Annual Loan Amount for Full-Time: $2,000
Federal Loan Amounts for Fall Full-Time (12 or more hours): $2,750 (subsidized) and $1,000 (unsubsidized)
Federal Loan Amounts for Spring Full-Time (12 or more hours): $2,750 (subsidized) and $1,000 (unsubsidized)
If this student enrolled in 6 hours in fall and 6 hours in the spring, the annual loan amount for each type would be reduced by 50% to $2,750 and $1,000
Half of the loan is applied to fall and half to spring, resulting in $1,375 and $500 per semester.