Eligible Stafford Borrower Limits
Undergraduate Study
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1st year of study
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$3,500/academic year
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2nd year of study
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$4,500/academic/year
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3rd, 4th & 5th years of study
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$5,500/academic year
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Cumulative limit
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$23,000
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For undergraduate borrowers who have loans that were originated between July 1, 2014, and June 30, 2015, the interest rate on the Stafford Loan is fixed at 4.66 percent.* Students must file the FAFSA to determine eligibility for a Stafford Loan.
Beginning July 1, 2013, subsidized loan eligibility is limited for first-time borrowers to 150% of the length of the borrower’s educational program.
*This content has been updated as of the publication of the July 2014 catalog addendum.