what is the maximum loan amount that is allowed? sandusky
If students qualify for the need-based subsidized loans, the amount of the annual student loan maximum that can be in the form of subsidized loans is less than the total annual maximum. Undergraduate students can have subsidized loans up to $3,500 their first year, $4,500 their second year, and $5,500 the third and later years.
Independent undergraduate students can borrow $9,500 for their first year, $10,500 for their second year and $12,500 for their third and fourth years of study. As with dependent students, the maximum student loan limit is prorated when the remainder of the program is less than one year.