You must be enrolled at least half-time (6 credits for undergraduates and. 4.5 credits for graduates) to be eligible for Direct Loan Program funds. Pell Grant eligible classes must be added no later than the 'census date'. At BYU, the census date is the semester add/drop deadline.
What is a 'Stop-Limit Order'. A stop-limit order is an order placed with a broker that combines the features of a stop order with those of a limit order. A stop-limit order will be executed at a specified price, or better, after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better. Next Up.
Not much. That order executed properly. The investor could use a limit order, which would only execute at the limit price or higher. So if the investor put in a limit order at $55, it would only have sold at $55 or higher, rather than at $54. But that is small consolation. Stop orders are not new. They are one of the oldest order types on Wall Street.