Search results
26 lip 2023 · The annual loan limits apply to the academic year (that is, the annual loan limit is the maximum loan amount that a student may receive for one academic year). The student’s maximum annual loan limit increases as the student progresses to higher grade levels.
Subsidized and unsubsidized loans are available under the Federal Stafford programs. *Whenever the chart indicates that the amount is prorated, the amount that a student can borrow is determined by the length of the student’s program in proportion to the school’s definition of an academic year.
26 lip 2023 · Annual loan limit overview. Direct Subsidized Loans and Direct Unsubsidized Loans have annual loan limits that vary based on the student’s grade level and (for Direct Unsubsidized Loans) dependency status. The annual loan limits are the maximum amounts that a student may receive for an academic year. The actual loan amount that a student is ...
9 sie 2023 · Federal law prescribes annual and aggregate student loan limits on Federal Direct Stafford Loans. For 2023-24, the annual limits start from $3,500 for first-year undergraduate subsidized loans.
federal student loan amounts and terms for loans issued in 2023-24 This chart summarizes the interest rates, loan limits, and other terms for federal student loans issued from July 1, 2023 through June 30, 2024.
Undergraduate Student Aggregate Loan Limits. Once you have reached the lifetime maximum total limit, you are no longer eligible to borrow in the Direct Stafford Loan program as an undergraduate student, until that loan debt has been repaid.
The actual amount you can borrow each year depends on your year in school, whether you are a dependent or independent student, and other factors, and may be less than the maximum amounts shown in the loan limit chart. Your school will determine what types of loans and how much you may borrow.
