Federal Direct Stafford Loans
Effective Summer 2009: FSU will be processing all Stafford and PLUS loans through the Federal Direct Loan funding process.
Loan amounts:
The loan chart below indicates the maximum annual and aggregate (lifetime) amount that students may borrow. The Annual amount may be reduced by other factors, such as the students eligibility for other aid (i.e. if the cost of attendance is $10,000 for the year, and the student is receiving $10,000 per year in scholarships, grants, and work study, then there would be no eligibility for loan funds).
| Academic Year |
Dependent Student |
Independent Student |
Freshman (0-29 credit hours completed)
|
$ 5,500 |
Up to $ 4,500 Subsidized Stafford |
$ 9,500 |
Up to $ 3,500 Subsidized Stafford |
Sophomore (30-59 credit hours completed)
|
$ 6,500 |
Up to $ 4,500 Subsidized Stafford |
$10,500 |
Up to $ 4,500 Subsidized Stafford |
Junior and Senior (60 + credit hours completed)
|
$ 7,500 |
Up to $ 5,500 Subsidized Stafford |
$ 12,500 |
Up to $ 5,500 Subsidized Stafford |
| Aggregate Limits (Maximum total debt from Stafford Loans) |
$31,000 Total Stafford |
No more than $23,000 in Subsidized Stafford |
$57,500 Total Stafford |
No more than $23,000 in Subsidized Stafford |
last updated Sept 17, 2009
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