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

Borrower's Academic Level ClassificationDependent Student Sub & UnsubIndependent Student SubIndependent 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

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