Fall 2026 Direct Loan Changes
Starting Fall 2026, if you enroll in fewer than 12 eligible credits, your accepted Direct Loans (subsidized and unsubsidized loans) will be subject to proration, which is a proportional reduction based on your credit load.
Key Details to Keep in Mind:
- Pending Aid May Be Reduced: Pending financial aid shown in the Student Information System (SIS) does not yet account for loan proration for part-time enrollment. Your final loan payout will be lower than what is displayed if you enroll in fewer than 12 eligible credits and accept more loans than you are eligible for based on the proration calculation.
- Financial Impact: A reduced loan amount can decrease your expected financial aid refund or leave an unpaid tuition balance on your student account.
- Reduced Subsidized Loans: If a subsidized loan is reduced or cancelled, it is not automatically converted to an unsubsidized loan. An increase to an unsubsidized loan may be accepted through the Student Financial Planning (SFP) student portal if eligibility exists.
To understand how loan amounts will be adjusted based on your credit hours, please review the Direct Loan Enrollment Proration information provided on NOVA’s loan webpage.
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