Here is my situation. I am an independent student going back to school for another degree. Before the fall semester, I applied initially as a full time student with 12 credits. I was then approved for $1750 per semester for subsidized stafford loan, and $3000 per semester for unsubsidized stafford loan. Since I was working part-time, I realized I couldn't handle the workload. I then decided to drop down to 7 credits, which now makes me a part-time student. my question is, after the census date, will my sub and unsub stafford loan get reduced by half?