Summary Info
  More Detail Info
  Stafford Loan Chart
  Stafford Loan Rates
 
Federal law requires that education institutions accept all completed stafford applications regardless of the lender selected by the applicant.
Federal Subsidized and Unsubsidized Loan Chart
  Annual Loan Limits (2)
Subsidized Total
(Subsidized & Unsubsidized)
First Year $3,500 $3,500
Second Year $4,500 $4,500
Third Year and Beyond $5,500 $5,500
Independent Undergraduate
(and dependents whose parents are unable to borrow under the PLUS program) (1)
Subsidized Total
(Subsidized & Unsubsidized)
First Year $3,500 $7,500
Second Year $4,500 $8,500
Third Year and Beyond $5,500 $10,500
Graduate/Professional Students Subsidized Total
(Subsidized & Unsubsidized)
For Each Academic Year $8,500 $20,500
  Aggregate Loan Limits
Dependent Undergraduate $23,000 $23,000
Independent Undergraduate
(and dependents whose parents are unable to borrow under the PLUS program)
$23,000 $46,000
Graduate/Professional Students
(graduate debt limit includes Stafford loans received for undergraduate study)
$65,500 $138,500

1

Your school Financial Aid Office will determine your dependent or independent status. General guidelines state that students who are "independent" from their parents or guardians for basic living expenses will be eligible for Independent loan limits. Students who are "dependent" upon their parents or guardians for basic living expenses will be eligible for Dependent loan limits:. more information in Note 1 .

Review this Dependency Status Form worksheet to determine your potential status: click here

2

The borrower may receive up to this entire amount in unsubsidized Stafford loans if the borrower does not have financial need for a subsidized Stafford loan.

The total amount received from Stafford and Unsubsidized Stafford loans cannot exceed the indicated annual limits. Federal regulations, terms, and rates are subject to change.


 

privacy statement | contact us | site map | resources | community college search

Copyright 2003-07
SayStart.com Community College Financing Guide


member: nBuy Associates
all rights reserved

BBBOnLine Reliability Seal