View Single Post
Old 07-02-2009, 06:35 PM   #35
sk8rmom
Senior Member
 
Join Date: Jul 2008
Location: NY
Posts: 1,485
Seaside, there's no way your Stafford limit has decreased to $4,000 unless you already have $27,000 in Stafford loans. Stafford limits are $5,500 freshman, $6,500 sophomore, and $7,500 junior and senior. The maximum you can borrow as an undergrad is $31,000. So talk with your school again, because I'm pretty sure you misunderstood. Also, your EFC does NOT affect how much you can borrow. You can have a 99,999 EFC (the highest) and still borrow the maximum Stafford.
sk8rmom is offline   Reply