Loan Limits are Changing!

Effective July 1, 2008, the Federal Stafford Loan limits are changing.  What does this mean?  This means you are now eligible for up to $2,000 more in Stafford loans per academic year.

The aggregate loan limits are increasing, also.  Currently, a dependent student can borrow up to $23,000 while earning an undergraduate degree.  As of July 1, 2008, a dependent student may borrow up to $31,000.  Also beginning July 1, 2008, an independent student may borrow up to $57,500 while earning an undergraduate degree.

For more information regarding loan limits click here or contact the Financial Aid Office.