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drchickon asked:
Need to know if there is a maximum amount of $$$ you can take for Stafford Undergraduate loans. I know there is a cap on the subsidized portion, but is there a cap on the unsubsidized portion?
Sphere: Related ContentNeed to know if there is a maximum amount of $$$ you can take for Stafford Undergraduate loans. I know there is a cap on the subsidized portion, but is there a cap on the unsubsidized portion?
Tags: Cap, Maximum, Stafford Loans, Undergraduate Loans
August 6th, 2008 at 11:09 pm
good question, i don’t know but if you find out any good info would you let me know? I’m graduating in May and haven’t heard anything about my loans for my senior year yet. Please email me at
August 9th, 2008 at 9:18 pm
yes, there is. It depends on your school how much it is. Best to call and ask your FA office. They would know. you can still get Pell grant if you reached the limit but only after signing a new promissory note.
August 12th, 2008 at 6:24 am
According to Sallie Mae’s website:
Dependent Annual loan limit
Freshman $2,625
Sophomore $3,500
Junior or senior $5,500
Independent Annual loan limit
Freshman $6,625
Sophomore $7,500
Junior or senior $10,500
Graduate or professional $18,500
Undergraduate dependent lifetime limit $23,000
Undergraduate independent lifetime limit $46,000
Graduate or professional lifetime limit* $138,500
*Exceptions may apply to certain graduate students.
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