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Federal Stafford
Loan Amounts*
Undergraduate students can borrow along
the following guidelines:
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 |
| Academic Level |
Dependent |
Independent |
| Freshman |
$2,625 |
$6,625 (up to $2,625 subsidized) |
| Sophomore |
$3,500 |
$7,500 (up to $3,500 subsidized) |
| Junior & Senior |
$5,500 |
$10,500 (up to $5,500 subsidized) |
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Graduate students can borrow up to a total
of $18,500, with a maximum of $8,500 in subsidized Stafford
Loans.
Graduate medical students at a HEAL school
may borrow $38,500, with a maximum of $8,500 in subsidized
Stafford Loans.
* Please be aware that while we continue to offer Private Student Loans, NextStudent is not currently able to accept any new PLUS, Grad PLUS, Stafford, or Federal Consolidation Loan applications.
On October 1, 2007, legislation went into effect that cut $21 billion in subsidies to FFELP lenders like NextStudent. We have been searching, and continue to search, for avenues that would allow us to keep offering FFELP loans. But at this point, until market and regulatory conditions change, we find ourselves forced to suspend our federal education loan programs.
We value your business, and we want to make sure you’re able to get the money you need to pay for school. We encourage you to take advantage of college scholarships and your available federal financing options. But if you’re still in need of a parent or student loan, please give us a call, and we’ll do what we can to help.
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