Student Loan Eligibility
Annual Loan Limits for Direct Stafford Loans | |||
Dependent Students | Subsidized Stafford Loan | Unsubsidized Stafford Loan | Total Limit for Academic Year |
First-Year Undergraduate | $3, 500 | $2,000 | $5,500 |
Second-Year Undergraduate | $4,500 | $2,000 | $6,500 |
Third-Year Undergraduate | $5,500 | $2,000 | $7,500 |
Fourth-Year Undergraduate | $5,500 | $2,000 | $7,500 |
| |||
Independent Students | Subsidized Stafford Loan | Unsubsidized Stafford Loan | Total Limit for Academic Year |
First-Year Undergraduate | $3,500 | $6000 | $9,500 |
Second-Year Undergraduate | $4,500 | $6000 | $10,500 |
Third-Year Undergraduate | $5,500 | $7000 | $12,500 |
Fourth-Year Undergraduate | $5,500 | $7000 | $12,500 |
| Graduate Students | Subsidized Stafford Loan | Unsubsidized Stafford Loan | Total Limit for Academic Year |
| N/A | $20,500 | $20,500 | |
| Interest Rate after july 1, 2019 and before July 1, 2020: Direct Subsidized Stafford Loan (Undergraduate): 4.53% Direct Unsubsidized Stafford Loan (Undergraduate): 4.53% Direct Unsubsidized Stafford Loan (Graduate): 6.08% Direct PLUS Loans (Parent, Graduate or Professional Students): 7.08% Please visit www.NSLDS.ed.gov to keep track of your loans borrowed or contact 1.800.557.7394 | |||
Contact Info
Suite 203
Tallahassee, FL 32307
P: 850.599.3730
F: 850.561.2730
E: financialaid@famu.edu
