ANNUAL LOAN LIMITS
Annual loan limits are determined by class standing (freshman, sophomore, etc.) and dependency status (from FASFA application).
Class standing is as follows:
Class
|
Credits Earned
|
|
Freshman
|
01 - 29
|
Sophomore
|
30 - 59
|
Junior
|
60 - 89
|
Senior
|
90 -120
|
2009-2010 - 2010 - 2011 Annual Loan Limits
Per Academic Year Fall & Spring (Combined ) Amounts
|
Dependent
|
Maximum
Subsidized
|
Maximum
Unsubsidized
|
Combined
Subsidized/
Unsubsidized
|
Freshman
|
$3,500
|
0.00 =
|
$3,500
|
Sophomore
|
$4,500
|
0.00 =
|
$4,500
|
Junior/ Senior
|
$5,500
|
0.00 =
|
$5,500
|
Independent
|
Maximum
Subsidized
|
Additional
Unsubsidized
|
CombinedSubsidized &
Unsubsidized
|
Freshman
|
$3,500
|
$4,000 =
|
$7,500
|
Sophomore
|
$4,500
|
$4,000 =
|
$8,500
|
Junior/ Senior
|
$5,500
|
$5,000 =
|
$10,500
|
Note: If you are a dependent student and are not eligible for a subsidized loan, you can receive an unsubsidized loan.