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Your path: Federal Loan Maximum Amounts
Federal Student Loan
Annual Maximum Amounts
The maxium amounts one may borrow each year from the Federal Family Education Loan Program (FFELP). FFELP icludes the Subsidized Stafford Loan, the Unsubsidized Stafford Loan, the PLUS Loan for graduate students and the PLUS Loan for parents of dependent undergraduate students.
Academic Year 2008-2009
| Year | Status | Subsidized | Unsubsidized |
|---|---|---|---|
| Freshman | Dependent | $3500 | $2000 |
| Freshman | Independent | $3500 | $6000 |
| Sophomore | Dependent | $4500 | $2000 |
| Sophomore | Independent | $4500 | $6000 |
| Junior | Dependent | $5500 | $2000 |
| Junior | Independent | $5500 | $7000 |
| Senior | Dependent | $5500 | $2000 |
| Senior | Independent | $5500 | $7000 |
| Graduate Student | N/A | $8500 | $12,000 |
Year is determined by the number of credits completed:
| Grade Level | Credits |
|---|---|
| Freshman | 0 to 44 |
| Sophomore | 45 to 89 |
| Junior | 90 to 134 |
| Senior | 135 to 180 |