Understanding Fund Limits
Funds with Cumulative Availability
Some funds allow students to receive a maximum number of terms or overall dollar amount
- Federal Pell Grants: You can receive the Pell Grant for up to 18 full time quarters. Any Pell Grant you have received will count against your total Pell Grant eligibility.
- Oregon Opportunity Grant: Eligible students may receive support from the Opportunity Grant program for no more than the equivalent of 4 years, i.e. up to 12 quarters or 8 semesters of full-time enrollment. For students who are enrolled less than full-time, remaining eligibility will be prorated, based on enrollment status.
- TEACH grant: Eligible undergraduate students can receive a maximum of $16,000 and graduate students can receive up to $8,000 through this program.
Annual and Cumulative Stafford Loan limits
The Federal Stafford Loan program has both annual and cumulative (lifetime) maximums. Annual limits are determined by your grade level and cumulative maximums depend on whether you are an undergraduate or graduate student. Click here for more information.
Stafford Loan Limits for Graduating Undergraduates
Federal regulations require the maximum annual federal Stafford loan amount must be prorated to a lower amount for undergraduates with fewer than 36 credits remaining to complete their degree. Based on these federal rules, your federal Stafford loan eligibility must be prorated based on your enrollment after the drop/add date. Therefore, if you have fewer than 36 credits remaining to complete your degree and you are not attending full time, this will result in a reduction in your federal Stafford loan eligibility from your previously offered amount.
Important Note: If you applied for graduation in error and your remaining period of study will consist of at least 36 credits during the 2014/2015 academic year, your loans will not be prorated to a lower amount if you complete the following steps:
1. Formally withdraw your graduation application with your college
2. Notify the Office of Student Financial Aid and Scholarships of your revised graduation date.
Other types of limits may apply to your overall award or to combinations of funds. For instance fee remissions (reduction in your tuition) may come from a variety of departments on campus, but when taken as a whole, can never exceed your total tuition.
Since your cost of attendance represents an overall cap on your student financial aid award, funding that comes in after your initial awarding (such as outside scholarships) may in some cases reduce your eligibility for aid that is already on your award. When this occurs, we will reduce your overall award down to your cost of attendance by reducing or removing the least favorable types of aid first (in most cases student loans).