Federal Loan Eligibility Requirements

Student must complete the FAFSA.
Student must meet academic progress as determined by the Financial Aid Office.
Student must be enrolled at least half-time (six semester hours per term).
Student must be a citizen or eligible non-citizen.
Student must not be in default on any federal loan or owe a refund back to any federal program.
Student must not have already exceeded aggregate loan limits.
Student must enroll in courses that fit their program of study.

Federal Loan Maximums (for loans first dispersed on or after July 1, 2008)

Classification

Freshman (0 to 30 credit hours)*

Sophomore (31 to 72 credit hours)**

Dependent Undergraduate

$5,500* – No more than $3,500 of this amount may be subsidized*

$6,500 – No more than $4,500 of this amount may be subsidized**

Independent Undergraduate

$9,500 – No more than $3,500 of this amount may be subsidized*

$10,500 – No more than $4,500 of this amount may be subsidized**

NOTE The amounts shown in the chart above are the maximum amounts that you may borrow as a full-time student (12 hours per semester) for the academic year. All annual loan limits are subject to proration and cannot exceed the Cost of Attendance.