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|
Second Bachelor's Degree Student
Federal Stafford Loan Maximums
Effective as of July 1, 2008
-
As a student pursuing a
second bachelor's degree, you must have your academic advisor
certify that you have 60 or more credits towards your new
degree program in order to borrow at the junior or senior
level.
-
You will be sent a form
requesting this information which you will need to give to
your academic advisor to complete.
-
Until the completed form is
received, we can not certify your loan at the junior or senior
level of borrowing.
-
Contact
our office if you have questions.
|
for Dependent
Undergraduates
|
Subsidized and/or Unsubsidized
|
Additional
Unsubsidized
|
Total
Annual
Limit
|
|
(need based or non-need
based)
|
(not based
on need)
|
| Freshman (00-29 credit hours
completed) |
$3,500 |
$2,000 |
$ 5,500 |
| Sophomore (30-59 credit hours completed) |
4,500 |
2,000 |
6,500 |
| Junior
(60-89 credit hours completed) |
5,500 |
2,000 |
7,500 |
| Senior
(90 + credit hours completed) |
5,500 |
2,000 |
7,500 |
|
Lifetime (Aggregate) Limit
|
$23,000 |
$8,000 |
$31,000 |
|
for Independent
Undergraduates
|
Subsidized and/or Unsubsidized
|
Additional
Unsubsidized
|
Total
Annual
Limit
|
|
(need based or non-need
based)
|
(not based
on need)
|
| Freshman (00-29 credit hours
completed) |
$3,500 |
$6,000 |
$ 9,500 |
| Sophomore (30-59 credit hours completed) |
4,500 |
6,000 |
10,500 |
| Junior
(60-89 credit hours completed) |
5,500 |
7,000 |
12,500 |
| Senior
(90 + credit hours completed) |
5,500 |
7,000 |
12,500 |
|
Lifetime (Aggregate) Limit
|
$23,000 |
$34,500 |
$57,500 |
Stafford
Grade Level Definitions:
| Freshman |
Students with 00-29 credit hours completed
before the beginning of the term. |
| Sophomore |
Students with 30-59 credit hours completed
before the beginning of the term. |
| Junior & Senior |
Students with 60 or more credit hours completed
before the beginning of the term. |
| Dependent |
Student had to
include parental income & signature in order
to file the FAFSA. |
|
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