Financial Aid Policies Handbook

Schedule of Reductions - Loan Adjustment for Students Less than Full Time

Schedule of Loan Reductions Based on Enrollment 

Colorado College is required to verify a student’s eligibility for federal student aid funds including monitoring a student’s enrollment status. This policy will describe Colorado College’s approach to reviewing enrollment data to ensure that federal loan disbursements comply with applicable federal regulations under the Schedule of Reductions.  

Schedule of Reductions Timing with Financial Aid Offers: 

All students are initially offered financial aid based on anticipated enrollment of at least six blocks per academic year (full-time enrollment). Beginning August 15th of each academic year, if a requests their federal student loan or a revision to a previously accepted federal student loan, Student Financial Services will determine the student’s loan eligibility using the student’s known enrollment at the time of the request. Regardless of a student’s desired loan amount, enrollment is always verified before any portion of the loan disburses. 

For any remaining mandatory semester in the academic year (e.g., spring), SFS will presume full-time enrollment unless (1) the drop deadline for Block 6 has passed and the student is enrolled less than full-time, or (2) the student has notified SFS of their intention to enroll less than full-time. 

Schedule of Reductions Policy 

Student Financial Services will review each student's enrollment status at established points during the academic year and adjust federal loan eligibility as necessary. Loan reductions may occur when a student's enrollment status results in a lower level of federal loan eligibility than previously awarded. If a student's enrollment increases after an initial loan offer is made, the student may request an increase to their federal loans by contacting Student Financial Services. Student Financial Services will process the request to the extent permitted by federal regulations and institutional deadlines.  

Enrollment reviews will occur: 

• Prior to each federal loan disbursement to confirm that the student remains eligible for the scheduled disbursement. 

• Students not enrolled at least 3 blocks for that semester as of the add/drop deadline for the first block (i.e., Block 1 and Block 5) classes will be requested to provide their enrollment plans to the SFS team prior to disbursement.  

• Following the add/drop deadline for Block 4 

• Following the add/drop deadline for Block 8 

• Following the add/drop deadline for Block C 

• Upon notification of an official or unofficial withdrawal 

Following each review, Student Financial Services will adjust federal loan eligibility, including Direct Subsidized and Direct Unsubsidized Loans, as required to reflect the student's actual enrollment for the applicable loan period. 

Students whose eligibility changes after a loan disbursement will have their loan disbursement for the corresponding semester reduced or cancelled as appropriate to ensure compliance with the Schedule of Reductions and federal loan limits. This may result in funds being due back to CC. 

For students whose annual loan limits are prorated because they are enrolled in a program or remaining period of study that is less than an academic year (e.g., fall graduates), Colorado College will apply federal loan proration as required and will not additionally reduce eligibility under the Schedule of Reductions for the same period of enrollment. 

This review schedule establishes the minimum points at which enrollment will be evaluated. Student Financial Services reserves the right to review enrollment and adjust financial aid at any time additional information becomes available or when required by federal regulations.