Loans are awarded to students based on their academic status, financial need and unmet costs.
- First year students are defined as those who have up to 29 credit hours.
- Second year students are defined as those who have 30 or more credit hours
Dependent Students = maximum subsidized + unsubsidized limit
| 2008-2009 | | SUB | UNSUB | TOTAL | | 1st year | = | $3,500 | $2,000 | $5,500 | | 2nd year | = | $4,500 | $2,000 | $6,500 |
|
Independent Students = maximum subsidized + additional unsubsidized = total maximum
| 2008-2009 | | SUB | UNSUB | TOTAL |
| 1st year | = | $3,500 | $6,000 | $9,500 |
| 2nd year | = | $4,500 | $6,000 | $10,500 |