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Federal Stafford Loans

Subsidized Federal Stafford Student Loans

Awarded to eligible students on the basis of documented financial need.
These loans do not accrue interest during eligible in-school and grace periods.
In most cases payments are not required as long as the student is enrolled at least half time.
Effective July 1, 2012, this loan is no longer available to graduate students.

Unsubsidized Federal Stafford Student Loans

Not limited to students with documented financial need.
Interest begins to accrue when funds are disbursed.
Repayment of principal and interest may be deferred until the student no longer meets enrollment requirements.

Maximum Annual Loan Limits

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Borrower's Academic Level Classification	Dependent Student Sub & Unsub	Independent Student Sub	Independent Student Unsub
Freshman	$5,500	$3,500	$6,000
Sophomore	$6,500	$4,500	$6,000
Junior/Senior	$7,500	$5,500	$7,000
Graduate	N/A	$8,500	$12,000
Graduate (effective July 1, 2012)	N/A	N/A	$20,500

Aggregate Loan Limits

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Dependent Undergraduates	Subsidized & Unsubsidized (No more than $23,000 can be Subsidized)	$31,000
Independent Undergraduates	Subsidized only	$23,000
Independent Undergraduates	Subsidized & Unsubsidized	$57,500
Graduates	Subsidized only (includes undergraduate loans)	$65,500
Graduates	Subsidized & Unsubsidized (includes undergraduate loans)	$138,500

Page last updated 2:54 PM, March 8, 2018