The amounts given below are the maximum yearly amounts you can borrow. You may receive less than these amounts if you receive other financial aid that is used to cover a portion of your cost of attendance. You may also receive less if the period of study is less than an academic year. Federal Stafford Student Loans are not made to students enrolled in programs that are less than one-third of an academic year.
|
Federal Stafford Loan Limits
|
|
Maximum Annual Loan Limits effective 07-01-08
|
|
Dependent Student
|
+
|
Dependent Student whose Parent was denied a PLUS Loan
|
Independent Student
|
| |
|
Borrower's Academic Level
|
Subsidized and/or Unsubsidized
|
+
|
Additional Unsubsidized
|
Subsidized and/or Unsubsidized
|
| |
|
First Year
Undergraduate Student
|
$5,500
|
$4,000
|
$9,500
|
|
Second Year Undergraduate Student
|
$6,500
|
$4,000
|
$10,500
|
|
Third and Remaining Years Undergraduate Student
|
$7,500
|
$5,000
|
$12,500
|
|
Graduate or
Professional Student
|
N/A
|
N/A
|
$20,500
|
| |
Note: Programs less than an academic year are prorated.
|
MAXIMUM AGGREGATE LOAN LIMITS
FEDERAL Subsidized/Unsubsidized STAFFORD LOANS
|
| Undergraduate Dependent Student |
$31,000 |
| Undergraduate Independent Student |
$57,500 |
| Graduate/Profession Student |
$138,500 |
Federal PLUS and GradPLUS borrowers may borrow up to the cost of attendance minus any other financial aid the student will receive, as determined by the school.