Dependent students are not allowed to borrow more than $31,000 in total through the Stafford program during undergraduate studies. Students who are independent can borrow as much as $9,500 in the first or freshman year, $10,500 in the second or sophomore year and $12,500 annually during their remaining school years.
What is the maximum Stafford loan for graduate students?
$20,500 a year
Graduate students can borrow up to $20,500 a year in Stafford loans, and up to $138,500 total for their studies, including any Stafford loans taken out during college. Students in certain health fields have higher maximums, and can borrow up to $224,000 in total through the Stafford program.
What is the lifetime maximum for federal student loans?
Federal Student Loan Lifetime Limits
| Year In School | Dependent Students* | Independent Students** |
|---|---|---|
| Lifetime limit | $31,000—no more than $23,000 can be subsidized | $57,000 for undergraduates—no more than $23,000 can be subsidized $138,500 for graduate and professional students—no more than $65,500 can be subsidized |
What’s the maximum amount a student can borrow from the government?
In addition to the caps outlined above, there are limits on how much a student can borrow from the federal government over a lifetime. Dependent students can borrow a maximum of $31,000. Independent undergraduate students can borrow $57,500.
What’s the maximum loan amount for a dependent student?
Dependent student: The career maximum of subsidized and unsubsidized combined undergraduate loans is $31,000 ($23,000 maximum in subsidized loans). Independent student: The career maximum undergraduate amount is $57,500 ($23,000 maximum in subsidized loans). Graduate and professional student: The career amount maximum is $138,500.
What is the maximum amount you can get from a FAFSA loan?
In order to get federal student loans, students and their parents must fill out the Free Application for Federal Student Aid, better known as the FAFSA. The maximum amount you can get from a FAFSA loan each year depends on whether you’re a dependent or independent student and which year of school you’re in.
What’s the maximum amount you can get for a first year student?
Keep in mind that your school determines how much federal aid you get, so the maximums are not guarantees. For first-year undergraduate students, the limit is $5,500 or $9,500 if the student is an independent or if her parent cannot get a federal loan.
