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.
Once the stop price is reached, the order becomes a Sell Limit Order, filled at the limit price specified or higher. Example: Suppose you own 100 shares of Bank of America (BAC) and you are looking to sell them if the stock's price falls a bit lower. Assume BAC is currently trading at $45 per share. You place a Sell Stop Limit Order for $41 on BAC, with a Limit (minimum you're willing to accept) at $40.