Full-time equivalency courses are one credit courses that certify the post-baccalaureate students as full time for the purposes of things like loan deferment. See complete information on full-time equivalency on the special registration categories for graduate school students page. The important thing to remember is that exceptions to these eligibility requirements should not be granted. Doing so puts both you and the student at risk of consequences from the federal government. The Graduate School is the only office authorized to approve registrations for full-time equivalency courses and permission is required for enrollment.