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17 views

Description: Tags: Chap5a3

Uploaded by

anon-930615
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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DIRECT LOAN SCHOOL GUIDE

Direct Loan Program: Annual Loan Limits


Length of Program or Final Period of Study
Full 2/3 to less 1/3 to less Less than 1/3
Academic than full than 2/3 academic
Student Year Year academic year academic year Year
1st year
Dependent and
Independent
Students $2,625 $1,750 $875 0
Subsidized and
Unsubsidized
------------------------ ----------------- ----------------- ---------------- -----------------
Independent - - -
Student $1,500
Unsubsidized $4,000 $2,500 0

2nd year
Dependent and
Independent
Students $3,500 Proportional Proportional Proportional
Subsidized and Proration Proration Proration
Unsubsidized
------------------------ ----------------- ----------------- ----------------- -----------------
Independent - - - -
Student
Unsubsidized $4,000 $2,500 $1,500 0

3rd year or higher

Dependent and
Independent
Students $5,500 Proportional Proportional Proportional
Subsidized and Proration Proration Proration
Unsubsidized
------------------------ ----------------- ----------------- ----------------- -----------------
Independent - - - -
Student
Unsubsidized $5,500 Proportional Proportional Proportional
Proration Proration Proration

July 1998 5-3

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