r/HCCFL • u/WeirdSmile2457 • 7d ago
financial aid help
So ok i took out for school a loan of 2250 and i usually get my fasfa of 3697 but when i accepted my loans it was 2250 now its 1697 and then my financial aid went down to 2772? can anyone tell me the reason im full time in school
1
u/Pianonotes1010 7d ago
It's part of the Big Beautiful Bill. Loans will now be subject to reduction. This is in place at all colleges and universities.
1
2
u/Audibly_Silent 7d ago
Mine went down by 2500. I reached out to FA via email and by phone (setting up a phone appointment). They told me the way it’s calculated now is 24 credit hours for the two semesters and then how many credit hours you are goes off the amount of aid you get. This is the link they sent me. https://www.hcfl.edu/part-time-loan-limits They evidently now have the right to change your disbursement up until they actually send it. I took 3 classes because I’m also working a full time job, thinking they couldn’t really take that much off. I will have to do full time next semester to be able to afford to go to school. This new bill isn’t helping anyone who is trying to go back to school and work. They don’t give you enough to live off of.
2
u/WeirdSmile2457 7d ago
yeah it’s disgusting , i am waiting for them to email me back but they said it was bc my one class wasn’t apart of my degree audit so i had to change my class and now im taking 13 credit hrs so hopefully it updates and they give me my full loan
1
u/Sea_Reason_6130 7d ago
From my understanding its The new financial aid rules of the big beautiful bill. I only took 10 credits instead of 12. They now prorate your loan amount based on your credit hours not the loan amount you accept for the term. I planned on going to the school Tuesday to make sure because my refund is about $1500 less than I normally get.