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HOW MUCH CAN I BORROW?

The amount you can borrow depends on your year in school, your dependency status, and your level of financial need.

The Subsidized Federal Stafford Loan

Stafford Loans come in two forms: subsidized and unsubsidized. Awarded on the basis of need and dependency status, subsidized loans accrue no interest while you’re in school or during the grace period prior to repayment.

Higher Loan Limits with Unsubsidized Stafford Loans

The Unsubsidized Stafford Loan is more widely available, but with this loan type, you’re responsible for all of the interest that accrues prior to repayment. You will have the option to make interest payments while you’re in school.

Stafford Loan Borrowing Limits

Depending on your level of need and dependency status, you may be eligible for subsidized loans, unsubsidized loans, or both. Your financial aid office will determine your eligibility for these loan types.

	Dependent Undergraduate	Independent Undergraduate	Graduate Student
Year 1	$3,500	$7,500 (Only $3,500 of this amount may be subsidized)	$20,500 per year (Only $8,500 of this amount may be subsidized)
Year 2	$4,500	$8,500 (Only $4,500 of this amount may be subsidized)
Year 3 & 4	$5,500	$10,500 (Only $5,500 of this amount may be subsidized)
Maximum Allowable Debt at Graduation	$23,000	$46,000 (Only $23,000 of this amount may be subsidized)	$138,500 (Only $65,500 of this amount may be subsidized)

Need more help paying for school?

If your parents are another source of college funds, before they dip into their retirement, have your parents look into our Federal PLUS Loan for Parents. And if you’re a graduate or professional student, be sure to learn more about the Federal PLUS Loan for Graduate Students.

Ready to apply?

Use our fast online application or call us toll-free at (877) 689-0763.

Stafford Loans originated by Wachovia Education Finance Inc.

Equal Credit Opportunity Lender

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