How much may I borrow through the federal Stafford Loan Program?
First-year students may borrow up to $5,500; $6,500 for sophomores; $7,500 for juniors or seniors. Please note that the $2,000 increase in federal Stafford borrowing limits is all through the unsubsidized program–only the original base amounts of $3,500 for first-years; $4,500 for sophomores; and $5,500 for juniors or seniors can be considered for the federal interest subsidy.
Congress recently increased federal Stafford Loan borrowing limits by another $2,000. That means that a first-year student may borrow up to $5,500; $6,500 for a sophomore; $7,500 for a junior or a senior. Please note that the recent $2,000 increase in federal Stafford borrowing limits is all through the unsubsidized program-only the original base amounts of $3,500 for first-years; $4,500 for sophomores; and $5,500 for juniors or seniors can be considered for the federal interest subsidy.
Related Questions
- If I borrow funds under the Federal Family Educational Loan Program (FFELP), i.e. Stafford loans, when do I have to begin to repay these funds?
- How much money can an independent undergraduate student borrow through the Federal Stafford loan program?
- How much can I borrow through the Federal Direct Stafford Loan program?
