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Financial Aid: How Much am I eligible for?

There are annual and aggregate limits that must be considered when determining Federal loan eligibility. For more information, see the Federal Direct Loan Eligibility Chart below.

  Base- Subsidized and/or Unsubsidized Additional Unsubsidized Only Total Annual Limit Aggregate Loan Limit
0-29 Earned Hours        
Dependent Student $3,500 $2,000 $5,500 $31,000*
Independent Student $3,500 $6,000 $9,500 $57,500*
30-59 Earned Hours        
Dependent Student $4,500 $2,000 $6,500 $31,000*
Independent Student $4,500 $6,000 $10,500 $57,500*
60+ Earned Hours        
Dependent Student $5,500 $2,000 $7,500 $31,000*
Independent Student $5,500 $7,000 $12,500 $57,500*
Independent Student $5,500 $7,000 $12,500 $57,500*
  Base Unsubsidized Additional Unsubsidized Only Total Annual Limit Aggregate Loan Limit
Regularly-Admitted Student $8,500 $12,000 $20,500 $138,500**

* (up to $23,000 sub)
** (up to $65,500 sub) 

Subsidized loans do not accrue interest while the student is enrolled at least half time.  Unsubsidized loans accrue interest.  Current subsidized and unsubsidized loans for undergraduate students that disburse after July 1, 2017 have a fixed interest rate of 4.45%. For regular graduate students, unsubsidized loans have a fixed interest rate of 6%. Effective for periods of enrollment beginning on or after July 1, 2012, graduate and professional students are nolonger eligible to receive Direct Subsidized loans.The interest rates for federal student loans are determined by federal law.  Loan Servicers are required by law to notify students of changes in the interest rate. Repayment of the loan usually begins six months after the student is no longer enrolled at least half-time in school. If needed, students may defer repayment of their loans by contacting their Loan Servicer.

Eligibility for Direct loans is determined upon completion of the FAFSA. Direct loan funds are credited to the student's account once the funds are delivered to the school.


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