Final regulations were published in the 150 Percent Direct Subsidized Loan Electronic Announcement #8 that revised several provisions of the regulations governing the 150% Direct Subsidized Loan Limit.
In 150 Percent Direct Subsidized Loan Limit Electronic Announcement #5, schools were informed of their limited responsibility to perform manual Remaining Eligibility Period calculations before originating a Direct Subsidized Loan to a first-time borrower who is enrolled in certain short-term programs. That Electronic Announcement also provided an interactive worksheet to assist schools in performing those calculations.
Attached to this most recent Electronic Announcement is an updated worksheet that reflects the changes made by the final regulations. Schools should begin using the revised worksheet for 150% Direct Subsidized Loan calculations that are made on or after March 18, 2014.
Update to Worksheet Used to Calculate Remaining Eligibility for Short-Term Programs in Microsoft Excel