Follow These Guidelines to Stay Eligible

  • Must take 6 course hours
  • Maintain a 2.0 GPA
  • Keep a 67% completion rate
  • Must not be in default
  • Must not have reached aggregate loan limits
  • Must be in good academic standing and not currently suspended

Borrow Smart

When borrowing keep in mind the following:

  • Only borrow what you NEED (Remember loans are easy to accept but they have to be repaid)
  • Choose subsidize loans first
    (U.S. Department of Education pays the interest on a Direct Subsidized Loan while enrolled and eligible or in grace period)
  • Rates can change over time
  • Stay on top of payments
    (Late payments affect your credit score)
  • You only get one grace period
    (If you graduate, leave school, or drop below 6 hours your grace period begins and you are not responsible for payments during this time)

Loans are awarded to students for both fall and spring terms based on their academic status, financial need and unmet costs for fall and spring. Students do have the option to reduce the loan amount. If a student receives other types of financial aid (grants, scholarships, etc) in addition to Stafford Loans, he/she may not qualify for the maximum amounts.

Note that the loan amount is divided between (2) semesters, and students cannot receive their annual loan limit in one semester. For example, if the loan award is $5500.00 for the year, the amount for fall is $2750.00 and the amount for spring is $2750.

First year students are defined as those who have up to 29 completed credit hours.
Second year students are defined as those who have 30 or more completed credit hours.

Dependent Students =
maximum subsidized + unsubsidized limit

 1st Year  =  $3,500  $2,000  $5,500
 2nd Year  =  $4,500  $2,000  $6,500

Independent Students =
maximum subsidized + additional unsubsidized = total maximum

 1st Year  =  $3,500  $6,000  $9,500
 2nd Year  =  $4,500  $6,000  $10,500
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