Federal Stafford loan/Direct Lending (Degree programmes only)
There is an entitlement to Subsidised (Undergraduates only) and Unsubsidized loans which have fixed limits depending on whether the student is dependent, independent or postgraduate. These may be topped up to the full cost of attendance with a PLUS loan which is not an entitlement, but is subject to credit checking and may be declined by the US Department of Education.
|Loan Limits for….||
Undergraduate Year 1
|Undergraduate Year 2||$4,500||$2,000||$6,000|
|Undergraduate Year 3||$5,500||$2,000||$7,000|
|PLUS Loan||Balance up to the Cost of Attendance|
(Figures correct on 5th June 2017 checked via Federal Student Aid website)
Please note, interest does accrue on these loans. Details of the interest rates can be found on the Federal Student Aid website.