Federal regulations require that transfer student rules apply to all students who have attended another postsecondary educational institution and the prior school’s academic year or loan period overlaps the academic year or loan period at Davenport University. The new institution (Davenport) is required to ensure that the new loan amount, when combined with any amounts previously borrowed, does not exceed the annual loan limits for the student’s grade level at Davenport. This means that loan eligibility may be reduced for transfer students during the first and sometimes second semesters of enrollment at Davenport.
A transfer student’s grade level is determined by the number of credits the student has earned at Davenport, combined with the total of transfer credits accepted by Davenport that apply to the student’s declared program of study. During the academic year applicable for the annual loan limit (two consecutive semesters), a student’s loan amount can be increased only if there is remaining eligibility up to the annual loan limit, or the student has advanced a grade level within the declared program of study at Davenport (the loan amount may be limited by the Cost of Attendance or Need, depending on the loan type). Annual loan limits are prorated for programs less than one year in length, and for remaining portions of programs less than an academic year in length, when a student is completing the program.
