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.
Letâs say you buy a stock at $20. You might decide to use a trailing stop limit of 20%. Letâs also say that you want to establish a long position. This means that the trailing stop is set at 20% below the stock price. Itâs important to note that the 20% âmovesâ with the stock. So if the stock jumps to $25, the trailing stop is now 20% below $25.