Federal Stafford Loan (for students)
- Subsidized
- Eligibility is based on financial need as determined by information
provided on your FAFSA. The federal government pays interest on the
loan until repayment.
- Unsubsidized
- Eligibility is not based on financial need. You are responsible for
paying the interest, although payment may be deferred while you are
in school.
Annual
Loan Limits
Whether you are a dependent undergraduate student, an independent undergraduate
student, a dependent student whose parents are unable to get a PLUS Loan,
or if you are
a graduate student, you may be eligible to borrow up to these amounts
listed:
|
Maximum Annual Loan
Limits Chart (Aggregate Loan Limits)
Subsidized and Unsubsidized Direct and FFEL Stafford Loans
|
|
Dependent Students
(Except Students Whose Parents Cannot
Borrow a PLUS loan)
|
Base Amount
|
Additional Unsubsidized
Loan Amount
|
|
|
|
Prior to
July 1, 2008
|
Effective
July 1, 2008
|
|
Freshman
|
$3,500
|
0
|
$2,000
|
|
Sophomore
|
$4,500
|
0
|
$2,000
|
|
Junior or Senior
|
$5,500
|
0
|
$2,000
|
|
Independent Undergraduate Students and
Dependent Students Whose Parents Cannot Borrow a PLUS loan)
|
Base Amount
|
Additional Unsubsidized
Loan Amount
|
|
|
|
Prior to
July 1, 2008
|
Effective
July 1, 2008
|
|
Freshman
|
$3,500
|
$4,000
|
$6,000
|
|
Sophomore
|
$4,500
|
$4,000
|
$6,000
|
|
Junior or Senior
|
$5,500
|
$5,000
|
$7,000
|
|
Graduate and Professional
Students
|
Base Amount
|
Additional Unsubsidized
Loan Amount
|
|
|
$8,500
|
Unchanged at $12,000
|
Ready
to apply?
Click
here to begin your easy four-step process to obtaining your student
loan.
Information
subject to change without notice. Normal credit qualifications apply.
|
|
