Eligible Stafford Borrower Limits
Undergraduate Study
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1st year of study
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$3,500/academic year
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2nd year of study
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$4,500/academic/year
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3rd, 4th & 5th years of study
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$5,500/academic year
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Cumulative limit
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$23,000
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For undergraduate borrowers who have loans that were originated between July 1, 2013, and June 30, 2014, the interest rate on the Stafford Loan is fixed at 6.8 percent. Students must file the FAFSA to determine eligibility for a Stafford Loan.