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Federal Loan Interest Rates and Loan Limits
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STAFFORD
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PLUS
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Fixed Rate after
7.01.06
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6.8%
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8.5
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Loans On or After
7.01.98
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IN-SCHOOL
91-day t-bill
+ 1.7%
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REPAYMENT
91-day t-bill
+2.3%
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91-day t-bill
+3.1%
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6.62%
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7.22%
|
8.02%
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Annual Loan Limits - Effective for the 2007-08 Award Year
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Base Amount
Subsidized/Unsubsidized
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Additional Unsubsidized
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1st year undergraduate
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$3,500
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$4,000
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2nd year undergraduate
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$4,500
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$4,000
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3rd year and beyond undergraduate
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$5,500
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$5,000
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Teacher certification
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$5,500
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$7,000
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Preparatory Graduate/Professional
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$5,500
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$7,000
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Graduate/Professional
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$8,500
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$12,000
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Aggregate Loan Limits Effective for the 2007-08 Award Year
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Dependency Status
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Maximum Subsidized & Unsubsidized
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Dependent Undergraduate
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$23,000
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Independent Undergraduate
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$46,000
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Graduate/Professional
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$138,500*
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*No more than $65,500 may be from the subsidized Stafford loan program.
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