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STAFFORD LOANS
Stafford loans are funded by the federal
government and are either subsidized (the government pays the loan’s interest while
you are enrolled in school) or unsubsidized (you pay the loan’s interest, which can
be deferred until after you graduate).
The below chart highlights current annual and aggregate loan limits for
subsidized and unsubsidized Stafford loans, which may be combined to fund your education.
Please note: there are
different limits for dependent and independent undergraduate students as well as graduate
and professional students. Subsidized Stafford loans are limited to the amounts in the
column titled Combined Base Limit for Subsidized and Unsubsidized Loans. Unsubsidized
Stafford loans are limited to the amounts in the Total Limit for Unsubsidized Loans
column, minus the amount of any subsidized Stafford loans. Annual
Loan Limits—Stafford Loan |
Dependent Students Whose Parents Were Approved for a PLUS Loan |
Combined Base Limit for Subsidized and Unsubsidized Loans |
Additional Limit for Unsubsidized Loans |
Total Limit for Unsubsidized Loans (minus subsidized amounts) |
First-Year
Undergraduate (Freshman) |
$3,500 |
$2,000 |
$5,500 |
Second-Year
Undergraduate (Sophomore) |
$4,500 |
$2,000 |
$6,500 |
Third-Year
and Beyond Undergraduate (Junior, Senior) |
$5,500 |
$2,000 |
$7,500 |
Preparatory
Coursework (for enrollment in an undergraduate program) |
$2,625 |
$0 |
$2,625 |
Preparatory
Coursework (for enrollment in a graduate or professional program) |
$5,500 |
$0 |
$5,500 |
Teacher
Certification Coursework |
$5,500 |
$0 |
$5,500 |
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