Office of Financial Aid

Student Loan Eligibility

Annual Loan Limits for Direct Stafford Loans

Dependent Students
(Whose parents were not denied a PLUS loan)

 Subsidized Stafford Loan

 Unsubsidized Stafford Loan

Total Limit for Academic Year

First-Year Undergraduate
(Freshman)

 $3, 500

 $2,000

 $5,500

Second-Year Undergraduate
(Sophomore)
 

 $4,500

 $2,000

 $6,500

Third-Year Undergraduate
(Junior)
 

 $5,500

 $2,000

 $7,500

Fourth-Year Undergraduate
(Senior)

 $5,500

 $2,000

 $7,500

   

Independent Students
(and dependent students whose parents were denied a Plus loan)

Subsidized Stafford Loan

Unsubsidized Stafford Loan

Total Limit for Academic Year

First-Year Undergraduate
(Freshman)

 $3,500

 $6000

 $9,500

Second-Year Undergraduate
(Sophomore)

 $4,500

 $6000

 $10,500

Third-Year Undergraduate
(Junior)

 $5,500

 $7000

 $12,500

Fourth-Year Undergraduate
(Senior)
 

 $5,500

 $7000

 $12,500

 
Graduate Students

Subsidized Stafford Loan

Unsubsidized Stafford LoanTotal Limit for Academic Year
  N/A $20,500 $20,500
Interest Rate for 2016-2017:

                           Direct Subsidized Stafford Loan (Undergraduate): 4.45%
                           Direct Unsubsidized Stafford Loan (Undergraduate): 4.45%

                           Direct Unsubsidized Stafford Loan (Graduate): 6.0%
                           Direct PLUS Loans (Parent, Graduate or Professional Students):7.0%
 
Please visit www.NSLDS.ed.gov to keep track of your loans borrowed or contact 1.800.557.7394

Contact Info

1700 Lee Hall Drive
101 Foote Hilyer Administration Center
Tallahassee, FL 32307

P: 850.599.3730
F: 850.561.2730

E: financialaiddocs@famu.edu