Maximum Loan | Dependents: 1st yr: $5,500 2nd yr: $6,500 Independents: 1st yr: $9,500 2nd yr: $10,500 |
Eligibility | No prior loan defaults or grant repayments due to the Dept. of Ed., U.S. Citizen or legal, eligible alien. Lifetime limit for dependent undergraduate is $31,000 of which no more than $23,000 may be subsidized loans. Lifetime limit for independent undergraduate is $57,500 of which no more than $23,000 may be subsidized loans. |