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Oracle Student Financial Planning Cloud Service: Dependent Aggregate Loan Limit Not Excluding Additional Unsubsidized Loan Due To PLUS Ineligibility (Doc ID 2933514.1)

Last updated on MARCH 07, 2023

Applies to:

Oracle Student Financial Planning Cloud Service - Version and later
Information in this document applies to any platform.


On : version, Financial Aid Admin System

Dependent Aggregate Loan Limit not excluding Additional Unsubsidized Loan due to PLUS Ineligibility

Per the FSA Handbook “a dependent undergraduate qualifies for increased Direct Unsubsidized Loan amounts because the student’s parent is unable to obtain a Direct PLUS Loan.” It goes on to state, “the increased unsubsidized loan amounts that the student previously received as a result of the parent’s inability to obtain a Direct PLUS Loan are not counted against the dependent undergraduate aggregate loan limit.”

Student has been packaged for $6,500 in Direct Loans ($5,500 Subsidized Loan and $1,000 Unsubsidized Loan) as a Grade Level 4 Dependent Student in the 22-23 award year, and Grade Level 4 Dependent Students should be eligible for $7,500 in Direct Loans. This seems to be because, per their NSLDS file, they have used $30,000 of their $31,000 Aggregate Loan Borrowing Limit. However, $8,000 of the $30,000 Loans used is from Additional Unsubsidized Loans in past award years, which according to the FSA Handbook, should not be counted toward their Dependent Agreement Loan Borrowing Limit.

Why did SFP only package this student for $6,500 total in 22-23 when they should be eligible for $7,500 as a Dependent Student in 22-23? Will SFP exclude Additional Unsubsidized Loans when awarding based Dependent Aggregate Loan Borrowing Limits?


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