academic	years
may	not	overlap).
Student	not	required	to	be
enrolled	in	first	term.
Student	must	be
enrolled	in	first	term
(may	be	less	than
half	time).
May	include	terms
student	does	not
attend	(except	first
term)	if	student
could	have	enrolled
at	least	half	time.
Student	must	be
enrolled	in	first	term
(may	be	less	than
half	time).
May	include	terms
student	does	not
attend	(except	first
term)	if	student
could	have	enrolled
at	least	half	time.
N/A
Must	at	least	meet	program9s
Title	IV	academic	year	in	weeks
and	hours.
Length	of	BBAY	1
must	equal	number
of	terms	in
program9s	SAY,
excluding	summer
trailer	and	header.
BBAY	1	that
includes	summer
term	may	contain
fewer	than
regulatory	minimum
number	of	hours
and	weeks	in
academic	year.
Must	meet	at	least
minimum	requirements
for	hours	and	weeks	in
program9s	
Title	IV
academic	year,	and	must
consist	of:
At	least	2
consecutive
semesters	or
trimesters;
At	least	3
consecutive
quarters;	or
At	least	number	of
consecutive	SE9W
nonstandard	terms
covered	by
program9s	
Title	IV
academic	year.
Must	meet	at	least	minimum
requirements	for	hours	and
weeks	in	program9s	
Title	IV
academic	year.
Summer	term	may	be	<trailer=
or	<header=:
By	strict	policy;
By	program;	or
By	student	on	a	case-by-
case	basis.
N/A N/A N/A
Total	loan	amount	received
within	SAY	plus	summer	trailer
or	header	may	not	exceed
annual	loan	limit.
Total	loan	amount
received	within	BBAY	1
may	not	exceed	annual
loan	limit.
Total	loan	amount
received	within	BBAY	2
may	not	exceed	annual
loan	limit.
Total	loan	amount	received
within	BBAY	3	may	not	exceed
annual	loan	limit.
Student	becomes	eligible	for Student	becomes	eligibl e Student	becomes	eligible Student	becomes	eligible	f or
{"producer": "GPL Ghostscript 10.00.0", "creator": "wkhtmltopdf 0.12.6", "creationdate": "D:20250605165703Z00'00'", "moddate": "D:20250605165703Z00'00'", "source": "data/raw/The_Direct_Loan_Program.pdf", "total_pages": 71, "page": 62, "page_label": "63", "loader_type": "pdf", "load_timestamp": "2025-07-05T11:43:14.400066"}