Federal Stafford Loan Limits
Federal Stafford Loan Annual Loan Amounts: Loan limits depend on your year in
school and dependency status. Independent
students and dependent students whose
parents don’t qualify for a PLUS loan are
eligible for additional unsubsidized
loans.
-
1st Year
- Freshman Student ( 0-29 earned credits)
$2625 per Academic Year
-
2nd Year
- Sophomore student (30+ earned credits)
$3500 per academic year
(To
have a prior college’s
academic transcripts considered for completion of 30
credits, an OFFICIAL academic transcript must be sent to the SCC Admissions and
Records office for evaluation.
It is the student’s responsibility to notify the
Financial Aid Office when the transcripts have been evaluated.)
-
Independent Students
may
borrow up to $4000 in additional Unsubsidized
Stafford Loan (independent students are not required
to provide parents information)