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. NOTE: These amounts increase July 1, 2008.
If you qualify for both subsidized and unsubsidized loans, you may borrow up to the maximum amount for each.
Questions? Call us at 1-800-666-3910.

Federal Stafford Loan Maximums¹ 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*
INDEPENDENT UNDERGRADUATES	$23,000	$57,500*
GRADUATE AND PROFESSIONAL STUDENTS	$65,500	$138,500**

* 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.

	Call our Student Loan Specialists at 1-800-666-3910
	E-mail: money101@commercebank.com*
	Come by your nearest Commerce Branch

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