Loan Limits and Interest Rates
Stafford Loan Limits
| DEPENDENT Undergraduate Students | |
|---|---|
| Freshman | $3,500 / academic year |
| Sophomore | $4,500 / academic year |
| Junior or Senior | $5,500 / academic year |
Maximum total debt from Stafford Loans |
$23,000 / lifetime |
| INDEPENDENT Undergraduate Students | ||
|---|---|---|
| Subsidized Loan | Unsubsidized Loan | |
| Freshman | $3,500 / academic year | $4,000 / academic year |
| Sophomore | $4,500 / academic year | $4,000 / academic year |
| Junior or Senior | $5,500 / academic year | $5,000 / academic year |
Maximum total debt from Stafford Loans |
$46,000 total but no more than $23,000 of that total may be in subsidized loans |
|
Interest Rate
The interest rate for all loans disbursed after July 1, 2006 is a fixed rate of 6.80%. If you have additional questions regarding Stafford Loan interest rates, please contact your student loan lender.