Stafford Loan Question

4kidsdad
Fri, 14 Sep 2012 19:05:58 +0000

The limit of Direct loans for dependent students are:
1st year - $5500
2nd year - $6500
3rd year & beyond - $7500
Max - $31000

Let’s say you’re second year; it doesn’t matter how many schools that you’re enrolled, the most direct loans are $6500.