Eligible Stafford Borrower Limits
Undergraduate Study
1st year of study
|
$3,500/academic year
|
2nd year of study
|
$4,500/academic/year
|
3rd, 4th and 5th years of study
|
$5,500/academic year
|
Cumulative limit
|
$23,000
|
Interest rates for federally guaranteed student loans are set annually. Please consult the Department of Education website for the current interest rate: https://studentaid.ed.gov/types/loans/interest-rates. Students must file the FAFSA to determine eligibility for a Stafford Loan. Subsidized loan eligibility is limited for first-time borrowers to 150 percent of the length of the borrower’s educational program.