Loans

Loans

 

Log on & apply!

Apply for 2014-15 financial aid by filing your FAFSA online beginning Jan. 1! You qualify for help.

Call the help line at Bronco Express if you have questions. (269) 387-6000. You can visit Bronco Express in the Bernhard Center without an appointment.


Loan limits

Below are the loan limits for federal subsidized (FDS) and unsubsidized (FDU) loans.

New for 2013: There is a time limit for Federal Subsidized Loans. Subsidy is limited to 150 percent of the length of the educational program for FDS loans that were disbursed on or after July 1, 2013, for students who have no outstanding principle (Direct Loan or FFELP) at the time of their disbursement. For example, if a student is enrolled in a four-year educational program, their eligibility limit for FDS is six years.

Maximum federal loan limits

Undergraduate dependent

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

Annual:

FDS

Total FDS/FDU

    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's degree $ 5,500

$7,500

Aggregate (or lifetime):

$23,000

$31,000

 

Undergraduate independent

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

Annual:

FDS

Total FDS/FDU

    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's degree $ 5,500

$12,500

Aggregate:

$23,000

$57,500

 

Graduate students

(master's, doctoral or specialist degree-granting program)
 

FDS

Total FDS/FDU

Annual:

$ 8,500

$20,500

Aggregate:

$65,500

$138,500

 

Professional certification

(state permanent teacher certification)

 

Dependent
Student

Independent Student

Annual FDS

$ 5,500

$5,500

Annual Total FDS/FDU

$5,500

$12,500

Aggregate FDS $23,000

$23,000

Aggregate Total FDS/FDU $31,000 $57,500
 

 

12/20/2013 10:28 AM

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Student Financial Aid
1903 W Michigan Ave
Western Michigan University
Kalamazoo MI 49008-5337 USA
269 387-6000 finaid-info@wmich.edu