Stafford Loan Borrowing Limits
How much can you borrow with a Stafford Loan?
Use the chart below to determine how much you could receive.
- Each year you may borrow up to the maximum amount listed, not exceeding the cost of college attendance.
- If you qualify for both subsidized and unsubsidized loans, you may borrow up to the maximum amount for each.
- Questions? Call us at 1-800-MONEY:101 (1-800-666-3910).
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Federal Stafford Loan
Maximums 1
for loans with a disbursement date on or after July 1, 2008
|
|
DEPENDENT UNDERGRADUATES 2
|
Subsidized
|
Total
(Subsidized & Unsubsidized) 3
|
|
First Year
|
$3,500
|
$5,500 |
| Second Year |
$4,500 |
$6,500 |
| Third Year and Beyond
|
$5,500
|
$7,500
|
|
INDEPENDENT UNDERGRADUATES
(and dependents whose parents are unable
to borrow under the PLUS program)
|
|
|
| First Year
|
$3,500 |
$9,500
|
| Second Year
|
$4,500
|
$10,500 |
| Third Year and Beyond
|
$5,500
|
$12,500
|
| GRADUATE AND PROFESSIONAL STUDENTS |
$8,500
|
$20,500
|
| |
AGGREGATE LIMITS3
|
|
DEPENDENT
UNDERGRADUATES
|
$23,000
|
$31,000*
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|
INDEPENDENT
UNDERGRADUATES
|
$23,000
|
$57,500*
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| GRADUATE AND PROFESSIONAL STUDENTS
|
$65,500
|
$138,500** |
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|
* No more than $23,000 can be subsidized.
** No more than $65,500 can be subsidized.
1 Certain health profession students may qualify for higher limits.
2 All undergraduate annual loan limits are subject to proration.
3 If the borrower does not have financial need for a subsidized
Federal Stafford Loan using Expected
Family Contribution (EFC), OR has reached the aggregate limit in
Subsidized Federal Stafford Loans, the borrower may receive up to and
including this entire amount in Unsubsidized Federal Stafford Loans assuming
he or she has remaining eligibility for the loan. |
Questions?
Still need help figuring out how much you may be able to borrow with a Stafford Loan? Just call, click, or come by and we'll walk you through all the details to help you find the solution that is right for you.
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