Wayland Baptist University

Home> Admissions > Financial Aid > Federal Aid>Federal Loan Limits

FEDERAL Loan limits

ANNUAL LOAN LIMITS FOR SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS

Dependent Undergraduate Student

Independent Undergraduate Student

Graduate Student

1ST YEAR

$3,500

$7,500 – Only $3,500 can be Subsidized

$20,500 each academic year – Only 8,500 can be subsidized

2ND YEAR

$4,500

$8,500 – Only $4,500 can be Subsidized

3RD & 4TH YEARS

$5,500

$10,500 – Only $5,500 can be Subsidized

Maximum Total Debt from Stafford Loans When You Graduate

$23,000 As a Dependant Undergraduate Student

$46,00 as an Independent Undergraduate Student – Only 23,000 of this can be Subsidized

$138, 500 as a graduate professional student – Only $65,000 of this can be Subsidized.

- Parent Loan (PLUS) – Parent must submit a separate pre-approval form prior to the actual application process.
Contact your Financial Aid Counselor for the pre-approval and/or application

- Alternative Loan – You must submit a separate pre-approval form prior to the actual application process.
Contact your Financial Aid Counselor for the pre-approval and/or application

- Perkins Loan – A separate application and credit authorization is required. Preference will be given to applicants with exceptional need and the ability to benefit from the prescribed cancellation privileges

ANNUAL LOAN LIMITS FOR SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS
	Dependent Undergraduate Student	Independent Undergraduate Student	Graduate Student
1ST YEAR	$3,500	$7,500 – Only $3,500 can be Subsidized	$20,500 each academic year – Only 8,500 can be subsidized
2ND YEAR	$4,500	$8,500 – Only $4,500 can be Subsidized
3RD & 4TH YEARS	$5,500	$10,500 – Only $5,500 can be Subsidized
Maximum Total Debt from Stafford Loans When You Graduate	$23,000 As a Dependant Undergraduate Student	$46,00 as an Independent Undergraduate Student – Only 23,000 of this can be Subsidized	$138, 500 as a graduate professional student – Only $65,000 of this can be Subsidized.