Stafford Direct Loan Maximums
| |
Dependent Students |
Independent Students* |
Academic Year |
Subsidized Only |
Subsidized and
Unsubsidized Combined |
Subsidized Only |
Subsidized
and
Unsubsidized Combined |
Annual Limits |
|
|
|
|
| Year 1 |
$3,500 |
$5,500 |
$3,500 |
$9,500 |
| Year 2 |
$4,500 |
$6,500 |
$4,500 |
$10,500 |
| Years 3 & 4 |
$5,500 |
$7,500 |
$5,500 |
$12,500 |
| Teacher Credential |
$5,500 |
$5,500 |
$5,500 |
$12,500 |
| Post-Baccalaureate Unclassified |
$5,500 |
$5,500 |
$5,500 |
$12,500 |
| Graduate/Professional |
N/A |
N/A |
N/A |
$20,500** |
| Aggregate Limits |
|
|
|
|
| Dependent |
$23,000 |
$31,000 |
N/A |
N/A |
| Independent |
N/A |
N/A |
$23,000 |
$57,500 |
| Graduate/Professional |
N/A |
N/A |
$65,500 |
$138,500 |
For financial aid purposes, you must have earned a minimum of 30 units to be considered a sophomore; 60 units to be considered a junior; 90 units to be considered a senior. Your loan will be processed at the grade level assigned by the office of Admissions and Records.
* Includes Dependent students whose Parents are PLUS loan denied.
** Graduate/Professional $20,500 annual loan limit is Unsubsidized Loan only
*** Restriction for graduating seniors with one-semester loan: We are required by federal law to prorate (determine partial loan eligibility) when an undergraduate student plans to graduate at the end of the one term for which they are receiving a Stafford loan. For example, a senior who will be graduating at the end of fall term will be subjected to proration of his/her annual loan amount because he/she will not attend the whole academic year.
|
