How much can I borrow per year?

Federal Stafford Loans for Undergraduate Dependent Students (whose parents have not been denied a PLUS Loan)

Grade Level Base Amount* Additional Unsubsidized Total Amount
Freshman $3,500 $2,000 $5,500
Sophmore $4,500 $2,000 $6,500
Aggregate** $23,000 $8,000 $31,000

* Base Amount = Maximum amount that may be Subsidized

** Aggregate = Maximum amount you can borrow for your entire undergraduate degree

Federal Stafford Loans for Undergraduate Independent Students (and Dependent Students whose parents have been denied a PLUS Loan)

Grade Level Base Amount* Additional Unsubsidized Total Amount
Freshman $3.500 $6,000 $9,500
Sophomore $4,500 $6,000 $10.500
Aggregate** $23,000 $34,500 $57,500

* Base Amount = Maximum amount that may be Subsidized

** Aggregate = Maximum amount you can borrow for your entire undergraduate degree

The amount a student can borrow is also limited by the student's school costs, other financial aid the student may receive, and in the case of subsidized loans, the student's Expected Family Contribution (EFC).