The Annual Stafford Loan Limits:

Grade Level as Determined by the Registrar	Credits	Dependent loan maximum borrowed allowed	Independent Loan maximum borrowed amount
First Year - Freshman	0-29	$5,500	$9,500
Second Year - Sophomore	30-59	$6,500	$10,500
Third Year - Junior	60-89	$7,500	$12,500
Fourth Year or more - Senior	90-180	$7,500	$12,500
Each Year of Graduate or Professional Study	N/A	N/A	$20,500

The total maximum outstanding debt allowed is:

Dependent Undergraduate	$31,000 (1)
Independent Undergraduate	$57,500 (2)
Graduate or Professional Student(3)	$138,500 (4)

1. Of the $31,000 no more than $23,000 may be subsidized loans.

2. Of the $57,500 no more than $23,000 may be subsidized loans.

3. Includes any Federal Stafford Loan and/or Federal Supplemental Loans for Students received as an undergraduate.

4. Of the total maximum of $138,500 no more than $65,500 may be subsidized loans. These loan limits are the maximum and must be reduced by other assistance if total cost of education is exceeded. If other aid and loans exceed need then the subsidized is reduced and the unsubsidized is increased.

Students must apply with the FAFSA each year beginning in January for the approaching Fall.

More Stafford Loan information is available in the List of Financial Aid Programs Information Page.

 

Last Updated: 10/21/2008