| Annual Loan Limits - Direct (Stafford) Loan | |||
|---|---|---|---|
|
Dependent Students (whose parents were not denied a PLUS Loan) |
Combined Base Limit for Subsidized and Unsubsidized Loans |
Additional Limit for Unsubsidized Loans |
Total Limit for Subsidized and Unsubsidized Combined |
|
First-Year Undergraduate (Freshman) |
$3,500 |
$2,000 |
$5,500 |
|
Second-Year Undergraduate (Sophomore) |
$4,500 |
$2,000 |
$6,500 |
|
Third-Year Undergraduate (Junior) |
$5,500 |
$2,000 |
$7,500 |
|
Fourth-Year Undergraduate (Senior) |
$5,500 |
$2,000 |
$7,500 |
|
Independent Students (and dependent students whose parents were denied a PLUS loan) |
Combined Base Limit for Subsidized and Unsubsidized Loans |
Additional Limit for Unsubsidized Loans |
Total Limit for Subsidized and Unsubsidized Combined |
|
First-Year Undergraduate (Freshman) |
$3,500 |
$6,000 |
$9,500 |
|
Second-Year Undergraduate (Sophomore) |
$4,500 |
$6,000 |
$10,500 |
|
Third-Year Undergraduate (Junior) |
$5,500 |
$7,000 |
$12,500 |
|
Fourth-Year Undergraduate (Senior) |
$5,500 |
$7,000 |
$12,500 |
|
Preparatory Coursework (for enrollment in a graduate or professional program) |
$5,500 |
$7,000 |
$12,500 |
|
Teacher Certification Coursework** |
$5,500 |
$7,000 |
$12,500 |
|
Graduate and Professional Students |
Combined Base Limit for Subsidized and Unsubsidized Loans |
Additional Limit for Unsubsidized Loans |
Total Limit for Subsidized and Unsubsidized Combined |
|
Graduate and Professional Students |
|
|
$20,500 |
|
Medical School Students |
|
|
$20,500 |
*Loan Limits include summer sessions (if all loans accepted for Fall and Spring, may not have loan eligibility for Summer. Please contact the Financial Aid Office for more information).
| Annual Loan Limits - Direct (Stafford) Loan | |||
|---|---|---|---|
|
Combined Base Limit for Subsidized and Unsubsidized Loans |
Additional Limit for Unsubsidized Loans |
Total Limit for Subsidized and Unsubsidized Combined |
|
|
Dependent Undergraduate Students (whose parents were not denied a PLUS loan) |
$23,000 |
$8,000 |
$31,000 |
|
Independent Undergraduate Students (and depend students whose parents were denied a PLUS loan) |
$23,000 |
$34,500 |
$57,500 |
|
Graduate and Professional Students |
$65,000 (including undergraduate Direct [Stafford] loans) |
$73,000 |
$138,500 |
|
Medical School Students (Effective 4/18/08) |
$65,000 (including undergraduate Direct [Stafford] loans) |
$158,500 |
$224,000 |
Your total outstanding federal loans can be viewed at www.nslds.ed.gov.
Federal Direct Loan Program
Checkout the official press release that details IU's decision to switch to the Federal Direct Loan Program:
If you take out a Federal Direct Loan, you or your family will not be borrowing money from a bank. Direct Loans are loans made with federal capital and owned by the federal government. Loan repayments are made to the government, and Direct Loans are never sold; although you may have a different loan servicer other than the federal government.
The Office of Financial Aid administers the loans, determines your loan eligibility, approves the loan, confirms the promissory note, and when necessary receives the funds from the federal government and credits the loan amount directly to your University student account. IU Southeast is not your lender.
Please note: Because IU Southeast participates in the Direct Loan program; we do NOT process Subsidized or Unsubsidized Stafford Loans, PLUS Loans, or Grad PLUS Loans through private lenders.
