Financial Aid

Financial Aid

Maximum Federal Direct Student Loan Limits

New loan limits effective July 1, 2008

President Bush recently signed legislation increasing the unsubsidized loan limits for undergraduate students by $2,000. The loan limits are as follows:

Maximum Federal Direct Student Loan Limits

Undergraduate Dependent

(answered “no” to questions in Step 3 on FAFSA)

Annual:

Sub

Total Sub/Unsub

    Freshman (0-25 credits) $ 3,500 $5,500
    Sophomore (26-55 credits) $ 4,500 $6,500
    Junior (56-87 credits) $ 5,500 $7,500
    Senior (88+ credit hours) $ 5,500 $7,500
    Second Bachelor Degree $ 5,500

$7,500

Aggregate:

$23,000

$31,000

Undergraduate Independent

(answered “yes” to any question in Step 3 on FAFSA)

Annual:

Sub

Total Sub/Unsub

    Freshman (0-25 credits) $ 3,500 $ 9,500
    Sophomore (26-55 credits) $ 4,500 $10,500
    Junior (56-87 credits) $ 5,500 $12,500
    Senior (88+ credit hours) $ 5,500 $12,500
    Second Bachelor Degree $ 5,500

$12,500

Aggregate:

$23,000

$57,500

Graduate Students

(Masters, Doctoral or Specialist degree granting program)
 

Sub

Total Sub/Unsub

Annual:

$ 8,500

$20,500

Aggregate:

$65,500

$138,500

Professional Certification

(State Permanent Teacher Certification)

 

Sub

Total Sub/Unsub

Annual:

$ 5,500

$12,500

Aggregate:

$23,000

$46,000

*Assuming 'independent' based on factors other than being a graduate student.
 

Student Financial Aid Office
Western Michigan University
Kalamazoo MI 49008-5337 USA
(269) 387-6000
finaid-info@wmich.edu