The Stafford Loans have limits on how much can be borrowed each academic year. Courses which are repeated, audited or in which you receive an “F” or “I” grade are not counted in hours completed.
Please refer to the following chart for current Stafford Loan limits:
|
Year |
Hours completed |
Dependent undergraduate students |
Independent undergraduate students and dependent students whose parents are declined a PLUS loan |
Graduate students |
| First year/ Freshman | 0-29 |
$3,500 subsidized loan and/or unsubsidized loan based on your need as determined by the EFC from the FAFSA Plus $2,000 unsubsidized loan for a total of $5,500 |
$3,500 subsidized loan and/or unsubsidized loan based on your need as determined by the EFC from the FAFSA Plus $6,000 unsubsidized loan for a total of $9,500 |
$20,500 unsubsidized loan
You may not be eligible for the academic year limit based on cost of attendance at Missouri State |
| Second year/ Sophomore | 30-59 |
$4,500 subsidized loan and/or unsubsidized loan based on your need as determined by the EFC from the FAFSA Plus $2,000 unsubsidized loan for a total of $6,500 |
$4,500 subsidized loan and/or unsubsidized loan based on your need as determined by the EFC from the FAFSA Plus $6,000 unsubsidized loan for a total of $10,500 |
|
| Third and fourth year/ Junior and Senior | 60+ |
$5,500 subsidized loan and/or unsubsidized loan based on your need as determined by the EFC from the FAFSA Plus $2,000 unsubsidized loan for a total of $7,500 |
$5,500 subsidized loan and/or unsubsidized loan based on your need as determined by the EFC from the FAFSA Plus $7,000 unsubsidized loan for a total of $12,500 |
|
| Maximum total from Stafford Loans (aggregate limits) |
$31,000. Only $23,000 of this total may be in subsidized loans. |
$57,500. Only $23,000 of this total may be in subsidized loans. |
$138,500* |
|
If you accept your full loan limit during the fall and spring semesters, you may have no loan eligibility for summer. You may not be eligible for the academic year limit based on cost of attendance at Missouri State.