Direct Loan Limit Warning

Claim Worklist Item

Go to “Pending Worklist” screen and select “claim next item” for DL Limit Warning.

NSLDS

▪ Log into NSLDS ▪ Enter SSN, DOB

and student name from the work list item detail screen.

Save NSLDS Sheet as PDF

Place student’s ASU ID in the SSN field of the NSLDS Loan History PageRight click to open dialog boxSelect Print and change the printer destination to “Save as PDF”Save to S drive in the NSLDS Aggregates Folder for the correct aid year with the student’s ASU ID as the file name (S:\loans\NSLDS Aggregate sheets)

Review File

▪ Go to the “View Financial Aid Status” screen. ▪ Enter the student’s 10-digit Employee ID in the “ID”

field and applicable aid year. ▪ Review the “Comments” field for any pertinent

information regarding previously completed DL Limit Warnings.

Calculate Aggregates

▪ Calculate aggregate totals based on dependency status and grade level.

▪ On the NSLDS loan history screen, review the loan totals.▪ Note if the student has

undergraduate and graduate loans▪ Note the totals showing however,

they may be inaccurate. You will need to add the totals for individual loans for both subsidized and unsubsidized in Loan Detail to get an accurate accounting of aggregate loan amounts.

Calculate Aggregates(continued)

Use the following guidelines to calculate the total amount of subsidized and unsubsidized loans:  Use the Agg OPB to determine loan totals.   Do not include ASU’s current aid year loans if calculating for the current

academic year. Calculate undergraduate and graduate loans separately by reviewing

the “Acad. Lv” field. (Grad loans are designated by a letter, undergrad loans are designated by a number)

▪ Include both FFEL and Direct loans in the sub and unsub totals.▪ Include “SLS” loans in the unsubsidized totals.▪ For graduate students, total the undergraduate and graduate loans

together for a total aggregate loan amount.

Dependent Undergrad

▪ When calculating dependent aggregates, make note of any unsubsidized denial funds that are received and total them separately.

▪ Unsubsidized denial funds (Add. Unsub) do not count against dependent aggregate limits.

Aggregate TotalsSubsidized: $5500

Unsubsidized: $2000Unsubsidized Denial: $5000

NOTE: If the student is a dependent student, review the “Add. Unsub” field for a “P.” This signifies one or more of the unsubsidized loans for that term year is an unsubsidized PLUS denial loan. These are calculated separately. NSLDS will mark both the unsubsidized loans and the unsubsidized PLUS denial with a “P” in the “Add. Unsub” field. These loans may be combined together into one unsubsidized loan – you will need to calculate how much of the loan is unsubsidized PLUS denial and how much is a standard unsubsidized loan based upon annual loan limits.

Calculate AggregatesIndependent Undergrad

▪ Calculate totals for all subsidized and unsubsidized loans separately.

Aggregate Totals

Subsidized: $6000Unsubsidized: $2000

Calculate Aggregates Graduate Students

▪ Calculate totals for all undergraduate and graduate subsidized and unsubsidized loans separately.

▪ Combine undergraduate totals with graduate to determine life time aggregate totals.

UndergradSubsidized: $5500Unsubsidized: $11527

GradSubsidized: $8500Unsubsidized: $10000

Lifetime Aggregate TotalSubsidized: $14000

Unsubsidized: $21527

Calculate Aggregates Post Bac Students

▪ Calculate totals for all undergraduate and graduate subsidized and unsubsidized loans separately.

▪ Use undergraduate totals to determine remaining undergraduate eligibility subtracting graduate loans. Lifetime Aggregate Total

Subsidized: $20500Unsubsidized: $23000

UndergradSubsidized: $3500Unsubsidized: $3000

GradSubsidized: $17000Unsubsidized: $20000

Update Incoming Aggregates

Go to the “Update Incoming Aggregates” screen in PeopleSoft. Select the override box to make changes.

Dependency Status/Career

Calculated Totals to Include

Dependent UndergradSubsidized and Unsubsidized. Do not include unsub denial funds in unsubsidized totals.

Independent UndergradAll Subsidized and Unsubsidized.

GraduateAll Undergraduate and Graduate Subsidized and Unsubsidized.

Post Bac

Undergraduate Subsidized and Unsubsidized. Do not include grad loans in totals.

Review Awards

▪ Go to “Assign Awards” screen in Peoplesoft. ▪ Ensure that the current awards will not place the

student over their aggregate limit. ▪ Validate and Post awards.

Comments

Direct Loan Limit Reached Aggregates

Aggregate Limit Warning- Student has reached total undergraduate aggregate limit of $57,500. No remaining undergraduate eligibility. Current borrowing: $23,000 undergraduate subsidized, $34,500 undergraduate unsubsidized.

Aggregate Limit Warning- Student has reached total lifetime aggregate limit of $138,500. No remaining undergraduate or graduate eligibility. Current borrowing: $65,500 subsidized, $73,000 unsubsidized.

Aggregate Limit Warning- Student has reached total dependent aggregate limit of $31,000. Only unsubsidized denial funds remain. Current borrowing: $23,000 subsidized, $8,000 unsubsidized and $ unsubsidized denial funds.

Direct Loan Limit Warning Review

Direct Loan Limit Warning Review- Current borrowing: $ undergraduate subsidized, $ undergraduate unsubsidized. The subsidized and unsubsidized totals do not include this year's loans. Student has remaining $ sub and $ unsub undergraduate loan eligibility.

Direct Loan Limit Warning Review- Student is not over aggregate limit because of $ in unsubsidized denial monies. Current borrowing: $ undergraduate subsidized, $ undergraduate unsubsidized. The subsidized and unsubsidized totals do not include this year's loans. Student has remaining $ undergraduate dependent loan eligibility.

Direct Loan Limit Warning Review- Student is not over aggregate limit. Current borrowing: $ subsidized, $ unsubsidized. The subsidized and unsubsidized totals do not include this year's loans. Student has remaining $ unsub eligibility.

Direct Loan Limit Warning Review- Student is not over aggregate limit due to current graduate loan borrowing: $ subsidized, $ unsubsidized graduate loans. Current undergraduate borrowing: $ undergraduate subsidized, $ undergraduate unsubsidized. Student has remaining $ sub and $ unsub undergraduate loan eligibility. The subsidized and unsubsidized totals do not include this year's loans.

Special Cases

▪ Medical Loans (HEAL): The medical lifetime loan aggregate ($224,000) is higher than non-medical loans ($138,000). Calculate HEAL Loans separately and subtract from total loans to determine remaining non-medical loan eligibility.

▪ Nearing Aggregate Totals: If a student is within $200 of their Sub aggregate limit or total aggregate limit you will need to inflate the student‘s Sub to $23000 or the student’s total to $57500 in order to prevent awarding over the applicable aggregate limit.

▪ Consolidated Loans: If a student has consolidated their loans we may need to manually calculate the totals in order to determine loan eligibility as additional loans such as Perkins may be included in the consolidation and should not be included in the aggregate totals.