This tool reflects the final rule at 34 C.F.R. §685.203(m), effective July 1, 2026. Sub-regulatory guidance is still forthcoming. This is not legal or compliance advice. FAQ

Schedule of Reduction Calculator

Calculate limits under 34 C.F.R. §685.203(m), effective July 1, 2026

Student Profile

Degree Level

Dependency Status

Grade Level

Total Loan Limit

Defaults to the statutory maximum of . Lower it to set a program-level limit.

Cannot exceed the statutory maximum of .

Subsidized Loan Amount

Exceeds the maximum subsidized amount of for this grade level.

Unsubsidized Loan Amount

Parent PLUS loan denied

Legacy borrower (Grad PLUS eligible)

Annual Cost of Attendance

Enter the annual COA budget for this student's enrollment level (e.g., half-time).

Must be greater than $20,500 (the base unsubsidized limit).

Academic Year Structure

Number of Enrollment Periods

Terms in Academic Year

Period 1

● Optional

Credits Enrolled ⓘ The number of credits the student is enrolled in. Enter 0 if the student is not enrolled this period.

Full-Time Credits ⓘ The number of credits required to qualify as full-time.

Required term ⓘ Uncheck for terms outside the standard academic year (e.g. optional summer). Optional term credits count toward annual enrollment but do not add to the full-time denominator.

Period 2

● Optional

Credits Enrolled ⓘ The number of credits the student is enrolled in. Enter 0 if the student is not enrolled this period.

Full-Time Credits ⓘ The number of credits required to qualify as full-time.

Required term ⓘ Uncheck for terms outside the standard academic year (e.g. optional summer). Optional term credits count toward annual enrollment but do not add to the full-time denominator.

Period 3

● Optional

Credits Enrolled ⓘ The number of credits the student is enrolled in. Enter 0 if the student is not enrolled this period.

Full-Time Credits ⓘ The number of credits required to qualify as full-time.

Required term ⓘ Uncheck for terms outside the standard academic year (e.g. optional summer). Optional term credits count toward annual enrollment but do not add to the full-time denominator.

Period 4

● Optional

Credits Enrolled ⓘ The number of credits the student is enrolled in. Enter 0 if the student is not enrolled this period.

Full-Time Credits ⓘ The number of credits required to qualify as full-time.

Required term ⓘ Uncheck for terms outside the standard academic year (e.g. optional summer). Optional term credits count toward annual enrollment but do not add to the full-time denominator.

Use this if a student dropped credits after a term's disbursement.

Period 1 enrollment changed after disbursement

Actual Final Credits

Prior Sub Disbursed ($) ⓘ If left empty, assumes the full calculated amount was disbursed.

Prior Unsub Disbursed ($) ⓘ If left empty, assumes the full calculated amount was disbursed.

Prior Grad PLUS Disbursed ($) ⓘ If left empty, assumes the full calculated amount was disbursed.

Period 2 enrollment changed after disbursement

Actual Final Credits

Prior Sub Disbursed ($) ⓘ If left empty, assumes the full calculated amount was disbursed.

Prior Unsub Disbursed ($) ⓘ If left empty, assumes the full calculated amount was disbursed.

Prior Grad PLUS Disbursed ($) ⓘ If left empty, assumes the full calculated amount was disbursed.

Period 3 enrollment changed after disbursement

Actual Final Credits

Prior Sub Disbursed ($) ⓘ If left empty, assumes the full calculated amount was disbursed.

Prior Unsub Disbursed ($) ⓘ If left empty, assumes the full calculated amount was disbursed.

Prior Grad PLUS Disbursed ($) ⓘ If left empty, assumes the full calculated amount was disbursed.

Period 4 enrollment changed after disbursement

Actual Final Credits

Prior Sub Disbursed ($) ⓘ If left empty, assumes the full calculated amount was disbursed.

Prior Unsub Disbursed ($) ⓘ If left empty, assumes the full calculated amount was disbursed.

Prior Grad PLUS Disbursed ($) ⓘ If left empty, assumes the full calculated amount was disbursed.

Optional

Equal Proportional ⓘ Your institution may use either distribution method. FAQ

Subsidized

Unsubsidized

Grad PLUS

ℹ No adjustment applied. Final-term overdisbursements have no subsequent term to absorb the difference. The student retains the full disbursement.

Optional

Equal Proportional ⓘ Your institution may use either distribution method. FAQ

Subsidized

Unsubsidized

Grad PLUS

ℹ No adjustment applied. Final-term overdisbursements have no subsequent term to absorb the difference. The student retains the full disbursement.

Optional

Equal Proportional ⓘ Your institution may use either distribution method. FAQ

Subsidized

Unsubsidized

Grad PLUS

ℹ No adjustment applied. Final-term overdisbursements have no subsequent term to absorb the difference. The student retains the full disbursement.

Optional

Equal Proportional ⓘ Your institution may use either distribution method. FAQ

Subsidized

Unsubsidized

Grad PLUS

ℹ No adjustment applied. Final-term overdisbursements have no subsequent term to absorb the difference. The student retains the full disbursement.

Equal Proportional ⓘ Your institution may use either distribution method. FAQ

Total Subsidized

Total Unsubsidized

Total Grad PLUS