STAFFORD LOAN
Stafford Loan Amounts

There are limits on the maximum amount you are eligible to receive each academic year (annual loan limit) and in total (aggregate loan limits). The actual amount you can borrow each year depends on your year in school, whether you are a dependent or independent student, and other factors, and may be less than the maximum amounts shown in the loan limit chart. Your school will determine what types of loans and how much you may borrow.

Depending on your financial need, you may be eligible to receive a subsidized loan for an amount up to the annual subsidized loan borrowing limit for your level of study. If you have education expenses that have not been met by subsidized loans and other aid, you may also receive an unsubsidized loan so long as you don't exceed the combined subsidized and unsubsidized annual loan limits.
Below represents the total Stafford Loan Amounts that students are eligible to receive for a full academic year.
Dependent Undergraduate students (except students whose parents are unable to obtain PLUS Loans) each year can borrow up to:

Year 1:  $5,500 - if you're a first-year student enrolled in a program of study that is at least a full academic year.  No more than $3,500 of this amount may be in subsidized loans.

Year 2:  $6,500 - if you've completed your first year of study and the remainder of your program is at least a full academic year.  No more than $4,500 of this amount may be in subsidized loans.

Year 3 and Beyond: $7,500 - if you've completed two years of study and the remainder of your program is at least a full academic year.  No more $5,500 of this amount may be in subsidized loans.

The total Maximum Debt from Stafford Loans when you graduate can not be greater than $31,000.  No more than $23,000 of this amount may be in subsidized loans.
Independent undergraduate students (and dependent students whose parents are unable to obtain PLUS Loans) each year can borrow up to:

Year 1:  $9,500 - if you're a first-year student enrolled in a program of study that is at least a full academic year.  No more than $3,500 of this amount may be in subsidized loans.

Year 2:  $10,500 - if you've completed your first year of study and the remainder of your program is at least a full academic year.  No more than $4,500 of this amount may be in subsidized loans.

Year 3 and Beyond: $12,500 - if you've completed two years of study and the remainder of your program is at least a full academic year.  No more than $5,500 of this amount may be in subsidized loans.


The total maximum debt from Stafford Loans when you graduate can not be greater than $57,500.  No more than $23,000 of this amount may be in subsidized loans.

Graduate and professional students enrolled in certain health profession programs may receive additional unsubsidized Stafford Loan amounts each academic year beyond those shown above. For these students, there is also an increased aggregate loan limit of $224,000 (maximum $65,500 subsidized).







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