How much can I borrow?
The amounts you can borrow depend on your grade level in school and on the type of student you are: dependent undergraduate, independent undergraduate (or a dependent undergraduate whose parents are unable to get a PLUS Loan), or a graduate student.
ANNUAL LOAN LIMITS FOR SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS




Dependent Undergraduate Students


Independent Undergraduate Student


Graduate/Profesional Student

1st Year


$2,625


$6,625–No more than $2,625 of this amount may be in subsidized loans.


$18,500–No more than $8,500 of this amount may be in subsidized loan.

2nd Year


$3,500


$7,500–No more than $3,500 of this amount may be in subsidized loans.

3rd and 4th Years (each)


$5,500


$10,500–No more than $5,500 of this amount must be in subsidized loans.

Maximum Total Debt from Stafford Loans When You Graduate


$23,000


$46,000–No more than $23,000 of this amount may be in subzidized loans.


$138,500—No more than $65,500 of this amount may be in subsidized loans.

The graduate debt limit includes Stafford Loans received for undergraduate study.

NOTE: For periods of study shorter than an academic year, the amounts you can borrow will be less than those listed. Also, you might receive less if you receive other financial aid that’s used to cover a portion of your cost of attendance.

Your school can refuse to certify your loan application or can certify a loan for an amount less than you would otherwise be eligible for if the school documents the reason for its action and explains the reason to you in writing. The school’s decision is final and cannot be appealed to us.
- posted by Mark Pane @ 6:11 AM