ANNUAL & LIFETIME LOAN LIMITS

Students must complete the FAFSA, be enrolled in a minimum of six credits and meet all eligibility requirements of financial aid to be considered for a Direct Loan.

Total amount of loans and type of loan awarded depend on several factors including, financial need, grade level, other types of aid awarded and enrollment status.

All first-time borrowers must complete the following by selecting the links below:

Master Promissory Note

Entrance Counseling

The Exit Counseling must be completed by loan borrowers who are graduating, dropping below half-time status or leaving school.

Exit Counseling  

 

ANNUAL MAXIMUMS
 

Maximum Subsidized & Unsubsidized

Maximum Subsidized

Dependent Freshman$5,500$3,500
Dependent Sophomore$6,500$4,500
Independent Freshman$9,500$3,500
Independent Sophomore$10,500$4,500

 

LIFETIME LOAN LIMITS
 Maximum Subsidized & UnsubsidizedMaximum Subsidized
Dependent Undergraduate$31,000$23,000
Independent Undergraduate$57,500$23,000
Graduate & Professional Students$138,500 $23,000

Contact Information

Financial Aid

Contact

Building / Office IconS-101
Phone Icon (734) 384-4135

Hours

Fall and Winter Semesters
Mon - Fri: 8 a.m. - 4:30 p.m.

Summer Semester
Mon - Thurs: 7:30 a.m. - 5 p.m.
Fri: 8 a.m. - 12 p.m.