How much federal Stafford loan can I get?
The maximum amount you can borrow depends on factors including whether they’re federal or private loans and your year in school. Undergraduates can borrow up to $12,500 annually and $57,500 total in federal student loans. Graduate students can borrow up to $20,500 annually and $138,500 total.
Is there a limit on unsubsidized loans?
The maximum amount you can borrow each academic year in Direct Unsubsidized Loans ranges from $5,500 to $12,500 for undergraduates, depending on your year in school and your dependency status. Direct Unsubsidized Loans have an annual limit of $20,500 for graduate or professional students.
What is the maximum amount of direct Stafford loan money a student can obtain?
Maximum Loan Amount: up to $20,500 annually (depending on your grade level, your status as a dependent or independent student, your status as an undergraduate or a graduate student, and your total cost of attendance).
How much Stafford loan can I get per semester?
Annual Maximum Loan Limits
| Grade Level | Dependent Students |
|---|---|
| Freshman: 0 – 29 credit hours | $5,500 (no more than $3,500 subsidized) |
| Sophomore: 30 – 59 credit hours | $6,500 (no more than $4,500 subsidized) |
| Junior/Senior: 60+ credit hours | $7,500 (no more than $5,500 subsidized) |
| Graduate Students | N/A |
How to qualify for Stafford loan?
Qualifications for a Stafford Loan
- Student must be a U.S. Citizen, permanent resident or eligible non-citizen.
- Student must complete and submit the FAFSA before the annual deadline.
- Student must be enrolled at least half-time in an accredited college.
- Student must not be in default on any other education loan.
What’s the maximum amount you can get a Stafford Loan for?
The federal student loan limits are lower for subsidized Stafford student loans. Therefore, students can borrow only as much as $5,500 a year — and up to $23,500 total — through this type of loan. You also will be eligible to borrow through subsidized loans for only 150% of the length of your degree program.
How to get a Stafford Loan for Graduate School?
1 You must fill out FAFSA forms and demonstrate financial need to receive subsidized Stafford loans 2 Subsidized Stafford loans are not available to graduate students 3 There are strict limits on the annual and total amount you can borrow for both undergraduate and graduate students
What do you need to know about federal Stafford Loans?
A Federal Stafford Loan is a student loan originated by the government and available to undergraduate, graduate, and professional students. Federal Stafford Loans have fixed interest rates and can be subsidized or unsubsidized.
Is there a limit on how much you can borrow for student loans?
The federal student loan limits are lower for subsidized Stafford student loans. Therefore, students can borrow only as much as $5,500 a year — and up to $23,500 total — through this type of loan. You also will be eligible to borrow through Subsidized Loans for only 150 percent of the length of your degree program.
