BE PREPARED FOR VERIFICATION Monitor your student portal and email closely as the college might request verification of your FAFSA information. The college will not process your financial aid until you provide required documents. 4
EXPECT A FINANCIAL AID AWARD OFFER The colleges you listed on your FAFSA will notify you of the types and amounts of financial aid they’re offering. You will only receive offers from colleges that accepted you for admission. Accept or reject the financial aid by the deadline. 5
Below is the maximum amount you can borrow each year in subsidized and unsubsidized loans (combined). HOW MUCH CAN YOU BORROW?
Dependent
Independent
Freshmen
$5,500
$ 9,500
Sophomores
$6,500
$10,500
Juniors
$7,500
$12,500
Seniors
$7,500
$12,500
Undergrad limit:
$31,000
$57,000
Grad Students : $20,500 unsubsidized loan each year Lifetime limit: $138,500
Learn more about student loans.
eqf.org/LoanChart
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