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 decline the financial aid by the deadline. 5 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 offer until you provide required documents. 4
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
Graduate: $25,500/yr; $100,000 max Professional: $50,000/yr; $200,000 max Lifetime Loan Limit: $257,500
View our student loan chart for more details.
eqf.org/LoanChart
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