Overlapping Loan Period

Worklist Items

▪ Loan Semester Transfer Form (FMIDYR)▪ NSLDS Other School Data▪ NSLDS Alert Pending▪ Loans Reduced by NSLDS Data▪ Summer Loan Eligibility

Academic Year overlaps into spring term at ASU (Loans fully disbursed at prior school)

Scenario Eligibility

Student’s 16-17 loans at ABC University have an academic year

(05/05/16 – 01/26/17) that overlaps their ASU fall and spring academic period (08/18/2016 –

05/06/2017) 

ASU grade level: 3rd year independentAnnual loan limit: $12,500

Subsidized Loan eligibility: $5500

Received at prior school: $5500Eligible amount at ASU: $0.00 

Unsubsidized Loan eligibility: $7000

Received at prior school: $7000Eligible amount at ASU: $0 

Results: Student has already received the maximum allowable loan amounts for this academic year. Cancel ASU spring term loans (if applicable) and send compose counseling message for “Reached Annual”

Academic Year overlaps fall & spring term at ASU (Pending disbursements at prior school, open FMIDYR checklist item and enrolled for spring term at ASU)

Scenario Eligibility

Student’s 16-17 loans at ABC University have an academic year (08/31/2016 – 04/30/2017) that overlaps with ASU academic year (08/18/2016 –

05/06/2017)  

ASU grade level: 2nd year dependentAnnual loan limit: $6500

Subsidized Loan eligibility: $4500Received at prior school: $0Eligible amount at ASU: $4500

Unsubsidized Loan eligibility: $2000Received at prior school: $2000Eligible amount at ASU: $0

Results: Award difference in loan amounts up to annual loan limit – but student must complete Loan Semester transfer to signify intentions at ASU for spring enrollment

Academic Year begins in previous term & ends in fall (No pending disbursements, student attending ASU Fall/Spring, no FMIDYR required)

Scenario Eligibility

Student’s (15-16) loans at ABC University have an academic year (02/22/2016 – 01/03/2017) that overlaps with ASU’s fall term only and

student is enrolled in Fall/Spring term (08/18/2016 – 05/06/2017)  

*ASU Spring start date: 01/09/2017

ASU grade level: 3rd year independentAnnual loan limit: $12,500

Subsidized Loan: $5500.00

Received at prior school: $4500.00

Eligible amount at ASU (F/S): $1000Eligible amount at ASU (SP): $4500

Unsubsidized Loan: $7000.00

Received at prior school: $6000.00

Eligible amount at ASU (F/S): $1000Eligible amount at ASU (SP): $6000

Results: Student is eligible for a partial amount as a Fall/Spring loan as student has remaining annual loan limit eligibility based on grade level. Student will regain eligibility in Spring for annual loan limits; however, we must deduct what ASU gave as Fall/Spring loans and award the remaining.Notes:Had the end date of the prior school’s academic year ended on, or crossed over ASU’s spring loan period, the student would only be entitled to the difference up to the annual loan limit as Fall/Spring and would not have additional eligibility in the Spring term.

Academic year overlaps ASU fall term; student enrolled in spring only(No pending disbursements, student did not attend ASU Fall, no FMIDYR required)

Scenario Eligibility

Student’s (15-16) loans at ABC University have an academic year (02/15/2016 – 09/24/2016)

ended during ASU’s fall loan period and it does not overlap into the spring loan period of

01/09/2017 – 05/07/2017) 

ASU grade level: 3rd year independentAnnual loan limit: $12,500

Subsidized Loan: $5500.00Received at prior school: $2062.00Eligible amount at ASU: $5500.00

Unsubsidized Loan: $7000.00Received at prior school: $2750.00Eligible amount at ASU: $7000.00

Results: Student is eligible for the full annual loan limit up to the cost of attendance (COA) for spring term Notes:Had the end date of the prior school’s academic year ended on, or crossed over ASU’s spring loan period, the student would only be entitled to the difference up to the annual loan limit

Borrower-based academic year (BBAY) versus standard academic year (SAY)

Scenario Eligibility Student’s loans at ABC University:

 Loan #1 academic year (06/28/16 to 12/01/2016) (15-16

loan)Student received $1750 subsidized and $3000

unsubsidized 

Loan #2 academic year (02/25/2017 to 09/26/2017) (16-17 loan)

 Student is enrolled in Fall/Spring

(ASU Academic Year: 08/21/2016 – 05/06/2017) 

ASU grade level: 1st year independentAnnual loan limit: $9500

Subsidized Loan eligibility: $3500

Loan #1 (15-16)Received at prior school: $1750

Loan #2 (16-17)Received at prior school: $1000

Eligible amount at ASU (F/S): $750Eligible amount at ASU (SP): $2750

Unsubsidized Loan eligibility: $6000

Loan #1 (15-16)Received at prior school: $3000

Loan #2 (16-17)Received at prior school: $1000

Eligible amount at ASU (F/S): $2000Eligible amount at ASU (SP): $4000

Results: Student is eligible for remaining funds from Loan #2 for fall/spring term