{"id":214,"date":"2017-10-05T23:30:20","date_gmt":"2017-10-06T06:30:20","guid":{"rendered":"https:\/\/nau.edu\/office-of-scholarships-and-financial-aid\/?page_id=214"},"modified":"2026-08-18T23:24:45","modified_gmt":"2026-08-18T23:24:45","slug":"direct-subsidized-unsubsidized-loans","status":"publish","type":"page","link":"https:\/\/in.nau.edu\/office-scholarships-financial-aid\/types-aid\/student-loans\/direct-subsidized-unsubsidized-loans\/","title":{"rendered":"Direct subsidized &amp; unsubsidized loans"},"content":{"rendered":"<div class=\"nau-block nau-block-left-nav-top-bound\">\n    \t<button id=\"left-nav-toggle-btn\" onclick=\"toggleNav();\">\n\t\tON THIS PAGE \n\t\t<i id=\"chevron-icon\" class=\"fas fa-solid fa-chevron-down\"><\/i>\n\t<\/button>\n\t<div id=\"left-nav-menu-track\">\n\t\t<div id=\"left-nav-wrapper\">\n\t\t\t<div class=\"rfi-above-anchor-tags\">\n\t\t\t\t<div class=\"ri-container\">\n\t\t\t\t\t<a href=\"https:\/\/nau.edu\/admissions\/request-information\/\" id=\"request-info\" class=\"btn bg-true-blue left-nav-menu-bottom-button display-mobile\">Request info&nbsp;&nbsp;<\/a>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<div id=\"left-nav-menu\">\n\t\t\t\t<div class=\"menu-section menu-section-links\"><h6 class=\"hidden-mobile left-nav-list-header\">ON THIS PAGE<\/h6><ul class=\"left-nav-menu-list left-nav-automatic on-this-page\"><\/ul><h6>Related pages<\/h6><ul class=\"left-nav-menu-list\">\t\t\t\t\t\t\t<li><a href=\"https:\/\/in.nau.edu\/office-scholarships-financial-aid\/contact\/\" title=\"Contact us\">Contact us<\/a><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"back-to-top\"><a href=\"#\">Back to top<\/a><\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<div class=\"ri-container\"><a href=\"https:\/\/nau.edu\/admissions\/request-information\/\" id=\"request-info\" class=\"btn bg-true-blue left-nav-menu-bottom-button display-mobile\">Request info&nbsp;&nbsp;<\/a><\/div><\/div>\t\t\t\t\t\t\t\t<div class=\"menu-section backcolor\">\n\t\t\t\t\t<div class=\"header\">\n\t\t\t\t\t\tHOW CAN WE HELP?\t\t\t\t\t<\/div>\n\t\t\t\t\t<ul class=\"responsive-icons\">\n\t\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<button class=\"link-button\" onclick=\"embedLouieChatbot();\">\n\t\t\t\t\t\t\t\t<img decoding=\"async\" style=\"width: 20px;\" src=\"https:\/\/in.nau.edu\/wp-content\/themes\/nau-marketing-2021\/img\/icon-chat.svg\" alt=\"Live chat:\">\n\t\t\t\t\t\t\t\tChat\t\t\t\t\t\t\t<\/button>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li><a href=\"tel:928-523-4951\"><img decoding=\"async\" src=\"https:\/\/in.nau.edu\/wp-content\/themes\/nau-marketing-2021\/img\/icon-phone.svg\" alt=\"Telephone:\"> 928-523-4951<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<li><a href=\"mailto:financial.aid@nau.edu\"><img decoding=\"async\" src=\"https:\/\/in.nau.edu\/wp-content\/themes\/nau-marketing-2021\/img\/icon-email.svg\" alt=\"Email:\"><span class=\"left-nav-email\"> financial.aid&#8203;@nau.edu <\/span><\/a><\/li>\n\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n<section class=\"nau-block left-nav-section\"><header class=\"entry-header\"><div class=\"breadcrumb\"><ol class=\"breadcrumbs\"><li><a href=\"https:\/\/in.nau.edu\">IN<\/a><span class=\"breadcrumb-chevron\" aria-hidden=\"true\">&gt;<\/span><\/li><li><a href=\"https:\/\/in.nau.edu\/office-scholarships-financial-aid\">OSFA<\/a><span class=\"breadcrumb-chevron\" aria-hidden=\"true\">&gt;<\/span><\/li><li class=\"current\">Pages<\/li><\/ol><\/div><h1 class=\"entry-title text-left \">Direct loans for NAU students<\/h1><hr class=\"h1-hr  text-left \" role=\"none\"><\/header><!-- .entry-header --><\/section><!-- <section class=\"nau-block left-nav-section grid-md-12\">\n    <header class=\"entry-header\">\n        <h1 class=\"entry-title text-left \" tabindex=\"0\" id=\"h1-first\">Dummy H1<\/h1>\n        <hr class=\"h1-hr  text-left \" role=\"none\">\n    <\/header>\n<\/section> -->\n\n<section class=\"nau-block left-nav-section grid-md-12\">\n    <div class=\"page-content\">\n        <div class=\"acf-innerblocks-container\">\n\n<h2 class=\"wp-block-heading\">What they are and how to get them<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Direct loans are offered directly from the federal government and are meant to help students pay for college. These are the most common type of student loans. Direct loans generally have more favorable terms and conditions than private loans. We recommend using direct loans when possible over private loans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are two types of direct loans:<\/p>\n\n\n\n<section  \n    class=\"nau-block nau-block-panels   \" \n    data-layout_mobile=\"groupLayout-Stack gutter_Default panelLayoutPhotoTextVertical  photoAspect-16-9\"\n        data-layout_tablet=\"groupLayout-Stack gutter_Default panelLayoutPhotoTextVertical  photoAspect-16-9\"\n        data-layout_desktop=\"groupLayout-Grid gutter_Default panelLayoutPhotoTextVertical  photoAspect-4-3\"\n        data-layout_xl=\"groupLayout-Grid gutter_Default panelLayoutPhotoTextVertical  photoAspect-4-3\">\n\n    <div class=\"background-wrapper\">\n        <div class=\"block-main-content\">\n            \n            \n            \n            \n            \n            <div class=\"panel-wrapper\">\n                \n                                \n                        <div class=\"panel bg-gold  panelTypeText  noHover \"\n                            data-role=\"tabpanel\"\n                            data-panel=\"panel--0\"\n                            id=\"panel--0\">\n\n                            \n                                                                    <div class=\"content\">\n                                            <div class=\"text-wrapper\">\n                                                                                                <h3 class=\"h3-tab-index\">Subsidized loans<\/h3>\n                                                \n                                                                                                    <div class=\"text\">\n                                                        <p>Subsidized loans won\u2019t accrue interest while you\u2019re still attending school at least half-time. Students must demonstrate financial need to be eligible for subsidized loans. Graduate students are not eligible for subsidized loans.<\/p>\n<p>Half-time enrollment (6+ credits for undergraduates and 5+ credits for graduates) is required. You\u2019re responsible for paying the interest on unsubsidized loans even while you\u2019re still in college.<\/p>\n                                                    <\/div>\n                                                \n                                                                                            <\/div>\n                                        <\/div>\n\n                                    \n                                \n                                                        <\/div>\n                    \n                        <div class=\"panel bg-monsoon  panelTypeText  noHover \"\n                            data-role=\"tabpanel\"\n                            data-panel=\"panel--1\"\n                            id=\"panel--1\">\n\n                            \n                                                                    <div class=\"content\">\n                                            <div class=\"text-wrapper\">\n                                                                                                <h3 class=\"h3-tab-index\">Unsubsidized loans<\/h3>\n                                                \n                                                                                                    <div class=\"text\">\n                                                        <p>Unsubsidized loans are available to all undergraduate and graduate students as long as they have not met the lifetime loan limit.<\/p>\n<p>Half-time enrollment is required. Interest accrues on on unsubsidized loans even while you\u2019re still in college.<\/p>\n                                                    <\/div>\n                                                \n                                                                                            <\/div>\n                                        <\/div>\n\n                                    \n                                \n                                                        <\/div>\n                    \n                        <div class=\"panel bg-green  panelTypeText  noHover \"\n                            data-role=\"tabpanel\"\n                            data-panel=\"panel--2\"\n                            id=\"panel--2\">\n\n                            \n                                                                    <div class=\"content\">\n                                            <div class=\"text-wrapper\">\n                                                                                                <h3 class=\"h3-tab-index\">Loan interest rates and fees<\/h3>\n                                                \n                                                                                                    <div class=\"text\">\n                                                        <p>Interest rates are set by US Congress each year.<\/p>\n<p>Undergraduates: The interest rate for 2026-2027 subsidized and unsubsidized loans originated on or after July 1, 2026 is 6.52%.<\/p>\n<p>Graduates\/professionals: The interest rate for 2026-2027 unsubsidized loans originated on or after July 1, 2026 is 8.07<strong>%<\/strong>.<\/p>\n<p>All federal student loans have a 1.057% origination fee charged by the US Department of Education.<\/p>\n                                                    <\/div>\n                                                \n                                                                                            <\/div>\n                                        <\/div>\n\n                                    \n                                \n                                                        <\/div>\n                    \n                        <div class=\"panel bg-true-blue  panelTypeText  noHover \"\n                            data-role=\"tabpanel\"\n                            data-panel=\"panel--3\"\n                            id=\"panel--3\">\n\n                            \n                                                                    <div class=\"content\">\n                                            <div class=\"text-wrapper\">\n                                                                                                <h3 class=\"h3-tab-index\">Loan reductions<\/h3>\n                                                \n                                                                                                    <div class=\"text\">\n                                                        <p>Federal Direct Subsidized and Unsubsidized Loans will be prorated based on the number of credit hours a student is enrolled in. If a student enrolls in fewer than the full-time minimum, their loans will be reduced.<\/p>\n<p>Full-time minimums:<\/p>\n<ul>\n<li>Undergraduates: 12 credits<\/li>\n<li>Graduates\/professionals: 9 credits<\/li>\n<\/ul>\n                                                    <\/div>\n                                                \n                                                                                            <\/div>\n                                        <\/div>\n\n                                    \n                                \n                                                        <\/div>\n                                                <\/div>\n\n                    <\/div>\n    <\/div>\n<\/section>\n\n\n<h2 class=\"wp-block-heading\">Schedule of Reductions (SOR) policy<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduced major changes to federal student aid programs. Several provisions affecting student loans became effective July 1, 2026. Among the most significant changes is the introduction of the&nbsp;<strong>Schedule of Reductions (SOR)<\/strong>, which requires federal student loan eligibility to be reduced based on enrollment level.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Beginning with the 2026 fall term, annual federal student loan amounts will be reduced based on enrollment. Full-time students (12 or more credits for undergraduates and 9 or more credits for graduates) will receive a full loan amount, but part-time students (6-11 credits for undergraduates and 5-8 credits for graduates) will receive a proportional total loan amount. Students must enroll at least half-time to be eligible for federal direct loans.<\/p>\n\n\n\n\t\t<script src=\"\/wp-content\/themes\/nau-marketing-2021\/js\/accordion.js\"><\/script>\n\n\t\t<div class=\"accordion accordion-flush my-5\">\n\n\t\t\n\t\t\t<div class=\"accordion-item\">\n\t\t\t\t<h3 class=\"accordion-header\" id=\"collapse-Student-loan-amount-notifications1-header\">\n\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse-Student-loan-amount-notifications1\" aria-expanded=\"false\" aria-controls=\"collapse-Student-loan-amount-notifications1\">\n\t\t\t\t\t\tStudent loan amount notifications\t\t\t\t\t<\/button>\n\t\t\t\t<\/h3>\n\t\t\t\t<div id=\"collapse-Student-loan-amount-notifications1\" class=\"accordion-collapse collapse \" role=\"region\" aria-labelledby=\"collapse-Student-loan-amount-notifications1-header\" style=\"\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>Students will initially be awarded with an expectation of full-time enrollment.<\/p>\n<p>NAU will monitor enrollment and update student loan eligibility through the date of disbursement. Students should not expect immediate or \u2018live\u2019 updates to award packages based on changes made to their course schedule. It will take the financial aid office staff additional time to manually review and update the student loan amount to match the enrollment level.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\n\t\t\n\t\t\t<div class=\"accordion-item\">\n\t\t\t\t<h3 class=\"accordion-header\" id=\"collapse-Student-loan-disbursements2-header\">\n\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse-Student-loan-disbursements2\" aria-expanded=\"false\" aria-controls=\"collapse-Student-loan-disbursements2\">\n\t\t\t\t\t\tStudent loan disbursements\t\t\t\t\t<\/button>\n\t\t\t\t<\/h3>\n\t\t\t\t<div id=\"collapse-Student-loan-disbursements2\" class=\"accordion-collapse collapse \" role=\"region\" aria-labelledby=\"collapse-Student-loan-disbursements2-header\" style=\"\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>At time of loan disbursement, the loan amount will be based on actual enrollment.<\/p>\n<p>For example, if enrolled in 12 credits, the student will receive 100% of the expected loan. However, if enrolled in 9 credits, the student will receive a lesser amount (75%). The amount will vary based on the individual student\u2019s eligibility.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\n\t\t\n\t\t\t<div class=\"accordion-item\">\n\t\t\t\t<h3 class=\"accordion-header\" id=\"collapse-Changes-to-enrollment3-header\">\n\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse-Changes-to-enrollment3\" aria-expanded=\"false\" aria-controls=\"collapse-Changes-to-enrollment3\">\n\t\t\t\t\t\tChanges to enrollment\t\t\t\t\t<\/button>\n\t\t\t\t<\/h3>\n\t\t\t\t<div id=\"collapse-Changes-to-enrollment3\" class=\"accordion-collapse collapse \" role=\"region\" aria-labelledby=\"collapse-Changes-to-enrollment3-header\" style=\"\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p>The impact of dropping, failing to start, or withdrawing courses will be considered when calculating loan eligibility. It is strongly advised that students discuss impacts of withdrawing or dropping a course with the financial aid office.<\/p>\n<p>If your enrollment drops below full-time after your fall loan has been disbursed, your <strong>spring federal loan amount may be reduced<\/strong> based on your enrollment level.<\/p>\n<p>Adding courses after the first disbursement of a federal student loan will not result in an automatic increase in loan amount in the same term. Adjustments to increase loan amounts in the same term based on updated credits can be made upon request. Email <a href=\"mailto:financial.aid@nau.edu\">financial.aid@nau.edu<\/a>.<\/p>\n<p>It is strongly recommended to discuss course changes, when they affect the total number of credits, with an academic advisor or member of the financial aid office prior to making the change.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\n\t\t\n\t\t\t<div class=\"accordion-item\">\n\t\t\t\t<h3 class=\"accordion-header\" id=\"collapse-Frequently-asked-questions4-header\">\n\t\t\t\t\t<button class=\"accordion-button collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse-Frequently-asked-questions4\" aria-expanded=\"false\" aria-controls=\"collapse-Frequently-asked-questions4\">\n\t\t\t\t\t\tFrequently asked questions\t\t\t\t\t<\/button>\n\t\t\t\t<\/h3>\n\t\t\t\t<div id=\"collapse-Frequently-asked-questions4\" class=\"accordion-collapse collapse \" role=\"region\" aria-labelledby=\"collapse-Frequently-asked-questions4-header\" style=\"\">\n\t\t\t\t\t<div class=\"accordion-body\">\n\t\t\t\t\t\t<p><strong>What is the Schedule of Reduction (SOR)<\/strong><\/p>\n<p style=\"padding-left: 40px\">SOR is a new rule introduced in the One Big Beautiful Bill Act that requires institutions to prorate annual loan amounts in direct proportion to the percent of full-time status the student is enrolled.<\/p>\n<p><strong>Which loans are affected by SOR?<\/strong><\/p>\n<p style=\"padding-left: 40px\">Federal student loans are impacted by this policy: unsubsidized, subsidized and Graduate PLUS loans*<\/p>\n<p style=\"padding-left: 40px\">*Graduate PLUS loans are only available to qualifying legacy students.<\/p>\n<p><strong>What is considered fulltime enrollment at NAU?<\/strong><\/p>\n<p style=\"padding-left: 40px\">12 or more credits for undergraduates<\/p>\n<p style=\"padding-left: 40px\">9 or more credits for graduates<\/p>\n<p><strong>What happens if I drop classes?<\/strong><\/p>\n<p style=\"padding-left: 40px\">If you drop classes before the first disbursement of your loan, your amounts may be adjusted based on your actual enrollment. If you drop classes after the first disbursement of your loan, your spring federal student loan will be reduced.<\/p>\n<p><strong>After the first disbursement, can I add a course to increase my loan in the same term?<\/strong><\/p>\n<p style=\"padding-left: 40px\">Yes, but this will not be done automatically. Students wanting an increase to their student loan will need to email financial.aid@nau.edu. The Office of Scholarships and Financial Aid will review your loan eligibility and determine if an increase can be made. Requests for loan increases must be made by the deadline to accept student loans for the semester the request is being made for.<\/p>\n<p><strong>Am I eligible for student loans if I am enrolled less than half-time?<\/strong><\/p>\n<p style=\"padding-left: 40px\">No. Students must be enrolled at least half-time to borrow federal student loans. Half-time for undergraduates is 6 credits. Half-time for graduates is 5 credits.<\/p>\n<p><strong>Will Pell (or other financial aid) be affected?<\/strong><\/p>\n<p style=\"padding-left: 40px\">Pell Grant is not directly affected by this new SOR rule.<\/p>\n<p><strong>Am I liable for charges on my LOUIE account that my aid, or adjusted aid does not cover?<\/strong><\/p>\n<p style=\"padding-left: 40px\">Yes. All charges in the LOUIE account are the student\u2019s responsibility, regardless of whether they are receiving financial aid. It\u2019s important to be aware of your charges, know when your aid will be disbursed, and whether you have enough aid to help pay your charges.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\n\n\t\t<\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\">One Big Beautiful Bill Act (OBBBA) federal loan changes<\/h2>\n\n\n\n<table id=\"tablepress-52\" class=\"tablepress tablepress-id-52\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Borrower\/Loan Type<\/th><th class=\"column-2\">Legacy\/Interim Exception Limits*<\/th><th class=\"column-3\">OBBBA Limits<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Dependent Undergraduate<\/td><td class=\"column-2\">Lifetime limit: $31,000 <br \/>\n<br \/>\nAnnual limit: between $5,500 and $7,500 depending on the student&#8217;s academic level<\/td><td class=\"column-3\">Unchanged<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Independent Undergraduate<\/td><td class=\"column-2\">Lifetime limit: $57,500 <br \/>\n<br \/>\nAnnual limit: between $9,500 and $12,500 depending on the student&#8217;s academic level<\/td><td class=\"column-3\">Unchanged<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Graduate<\/td><td class=\"column-2\">Lifetime limit: $138,500 (includes undergraduate loans)<br \/>\n<br \/>\nAnnual limit: $20,500<\/td><td class=\"column-3\">Lifetime limit: $100,000 (excludes undergraduate loans)<br \/>\n<br \/>\nAnnual limit: $20,500<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Professional Graduate<\/td><td class=\"column-2\">Lifetime limit: $224,000 (includes undergraduate loans)<br \/>\n<br \/>\nAnnual limit: $35,777<\/td><td class=\"column-3\">Lifetime limit: $200,000 (excludes undergraduate loans)<br \/>\n<br \/>\nAnnual limit: $50,000<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Graduate PLUS Loan Borrowers<\/td><td class=\"column-2\">No lifetime limit<br \/>\n<br \/>\nAnnual limit: Up to the student&#8217;s Cost of Attendance<\/td><td class=\"column-3\">Eliminated for new borrowers<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Parent PLUS Loan Borrowers<\/td><td class=\"column-2\">No lifetime limit<br \/>\n<br \/>\nAnnual limit: Up to the student&#8217;s Cost of Attendance<\/td><td class=\"column-3\">Lifetime limit: $65,000 per dependent student<br \/>\n<br \/>\nAnnual limit: $20,000 per dependent student<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Overall Lifetime Limit<\/td><td class=\"column-2\">None, aggregate limits could be paid down and re-borrowed<\/td><td class=\"column-3\">$257,500 total federal loan limit<br \/>\n<br \/>\nIncludes subsidized, unsubsidized and graduate PLUS loans<br \/>\n<br \/>\nExcludes parent PLUS loans<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-52 from cache -->\n\n\n<p class=\"wp-block-paragraph\"><em><strong><em><strong>*Note: The legacy\/interim exception requires consecutive fall\/spring enrollment and lasts for the shorter of 3 years or until the student&#8217;s remaining expected time to credential. <\/strong><\/em><\/strong><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Single Semester Loans<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If you are a graduating senior and you only need one semester\u2019s worth of classes to graduate, this can affect how your financial aid is applied and disbursed to you.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, your estimated Cost of Attendance (COA), which is used to determine how much aid you are eligible for, will be reduced to one semester worth of costs instead of two, which can then affect how much aid you are eligible for.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Notes and considerations<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Students <strong>may not<\/strong> receive all of their fall\/spring financial aid in the fall semester. You may only be considered a fall-only student after you apply for graduation with the university.<\/li>\n\n\n\n<li>If you were offered aid for the fall and spring semesters and do not end up attending in the fall semester (and are not enrolled for spring), your aid package may be canceled mid-fall. If you plan on attending the spring semester, make sure you\u2019re enrolled and accept your aid for the spring semester in <a href=\"https:\/\/in.nau.edu\/louie\">LOUIE<\/a>.<\/li>\n\n\n\n<li>Federal subsidized and unsubsidized loans will be prorated based on the number of credit hours you are enrolled. If you\u2019re not taking an entire years\u2019 worth of classes at full-time, you might not be eligible to receive your maximum annual loan limit.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Tools and resources<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/in.nau.edu\/louie\/\">View your loan offers<\/a>: log into your LOUIE account and click the &#8220;Financial Aid&#8221; menu tile to view your award offers each academic year. Subsidized and unsubsidized loans must be accepted via the LOUIE account if a student is interested in borrowing.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Additional requirements: after accepting your loan in LOUIE, you must complete <a href=\"https:\/\/studentaid.gov\/entrance-counseling\/\">Entrance Counseling<\/a>, which will help you understand your loan and how it works. You\u2019ll also need to sign a <a href=\"https:\/\/studentaid.gov\/mpn\/\" target=\"_blank\" rel=\"noreferrer noopener\">Master Promissory Note<\/a>, which is an agreement to repay your loans and their interest.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/in.nau.edu\/office-scholarships-financial-aid\/loan-repayment-consolidation\/\">Loan repayment and consolidation<\/a>: learn more about the process and the best methods for paying off your student loans.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/studentaid.gov\/understand-aid\/types\/loans\/subsidized-unsubsidized\" data-type=\"link\" data-id=\"https:\/\/studentaid.gov\/understand-aid\/types\/loans\/subsidized-unsubsidized\">Review loan amount limits<\/a>: learn more about how much you can borrow per academic year or in your lifetime. <\/li>\n<\/ul>\n\n<\/div>\n    <\/div>\n<\/section>\n\n<div class=\"nau-block nau-block-left-nav-bottom-bound\">\n\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":7090,"parent":140,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"ring_central_script_selection":"","footnotes":""},"class_list":["post-214","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/in.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/pages\/214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/in.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/comments?post=214"}],"version-history":[{"count":42,"href":"https:\/\/in.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/pages\/214\/revisions"}],"predecessor-version":[{"id":14316,"href":"https:\/\/in.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/pages\/214\/revisions\/14316"}],"up":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/pages\/140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/media\/7090"}],"wp:attachment":[{"href":"https:\/\/in.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/media?parent=214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}