Sequencing Loan Awards

When entering additional Stafford subsidized loans or additional Stafford unsubsidized loans—as in the multiple NSLDS loan years in the same aid year scenario—it is important that the subsidized loans come before the unsubsidized loans in the award sequence. Although the student has additional eligibility in the second awarding session, the Stafford logic requires that any subsidized loans be sequenced before any unsubsidized loans. An example is provided below. In the following example, the subsidized Stafford #2 and unsubsidized Stafford #2 are the second Financial Aid Item Types used to award the additional amount the student is eligible for since the student has changed NSLDS loan years:

First Awarding Session Second Awarding Session        

Sequence of Award

Award

Aggregate Area

Sequence of Award

Award

Aggregate Area

10

Subsidized Stafford #1

Subsidized Stafford

10

Subsidized Stafford #1

Subsidized Stafford

20

Unsubsidized Stafford #1

Unsubsidized Stafford

15

Subsidized Stafford #2

Subsidized Stafford

     

20

Unsubsidized Stafford #1

Unsubsidized Stafford

     

25

Unsubsidized Stafford #2

Unsubsidized Stafford

Note:

Subsequent loan awards, after a change in NSLDS loan year, must be awarded using a different Financial Aid Item Type because of the change in NSLDS loan years.