They get you while you're young...

AdmissionsDaniel
Fri, 12 Jun 2009 15:26:11 +0000

It is a Federal program and federal stipulations:

[Applying for Federal Direct Loans](http://www.ed.gov/offices/OSFAP/DirectLoan/applying.html)



Loan limits
The maximum amount you can borrow each year in Direct Subsidized and Unsubsidized Loans depends on your grade level and on whether you are a dependent student or an independent student. The following table shows the maximum amount of money you may borrow each academic year in Direct Subsidized and Unsubsidized Loans:

Dependent student
1st-year undergraduate $5,500 (maximum $3,500 subsidized)
2nd-year undergraduate $6,500 ((maximum $4,500 subsidized)
3rd- and 4th-year undergraduate $7,500 (maximum $5,500 subsidized)