If you reach
your subsidized loan maximum or are ineligible, you have options.
Not exact matches
You have already borrowed the
maximum in both
subsidized and unsubsidized federal student
loans
You have already borrowed the
maximum in both
subsidized and unsubsidized federal student
loans
Subsidized loans can make up a
maximum of $ 3,500 of this total.
Learn more about the
maximum period of time you are eligible to receive Direct
Subsidized Loans.
Under this program, you can qualify to have a
maximum of $ 17,500 in
subsidized or unsubsidized federal
loans forgiven if you teach full - time in a low - income school or education service agency for five consecutive years.
For instance, if you are enrolled in a four - year degree program, the
maximum period for which you can receive
subsidized loans is six years (150 percent of four years = six years).
If you're an undergraduate, the
maximum annual amount of a
subsidized loan depends on your year in school.
Today, graduate and professional students can get PLUS
loans to fill the gap that stretches after they take the
maximum amount of
subsidized or unsubsidized
loans.
According to the non-partisan U.S. Public Interest Research Groups (PIRG), if Congress does nothing, borrowers taking out the
maximum $ 23,000 in
subsidized student
loans will see their interest balloon by an estimated $ 5,000 over a 10 - year repayment period and $ 11,000 over a 20 - year repayment period.
For example, if you are enrolled in a four - year bachelor's degree program, the
maximum period for which you can receive Direct
Subsidized Loans is six years (150 percent of 4 years = 6 years).
I transferred into the shorter program and lost eligibility for Direct
Subsidized Loans because I have received Direct
Subsidized Loans for a period that equals or exceeds my new, lower
maximum eligibility period, which is based on the length of the new program?
If you are enrolled in a two - year associate degree program, the
maximum period for which you can receive Direct
Subsidized Loans is three years (150 percent of 2 years = 3 years).
Also, if you receive Direct
Subsidized Loans for one program and then change to another program, the Direct
Subsidized Loans you received for the earlier program will generally count toward your new
maximum eligibility period.
Also, there is an aggregate
maximum of $ 31,000 with no more than $ 23,000 coming from
subsidized loans.
Keep in mind that while certain portions of Stafford
loan funding are eligible to be
subsidized, it is entirely possible to receive the
maximum limit in all unsubsidized
loans.
NOTE: If you are a first - time borrower on or after July 1, 2013 and you exceed the
maximum eligibility (150 % of the length of time to complete your specific academic program as defined by your school), you will be responsible for the interest on your
subsidized loans while in school and during approved periods of postponing payments.
Of this total, a
maximum of $ 3,500 can be in
subsidized student
loans.
In case you missed it: The B.C government will offer a
subsidized loan to any first - time home buyer that can match the interest - free
loan (for the first five years), up to
maximum of $ 37,500 or 5 % of the home's purchase price.
That's only the
maximum for federally
subsidized loans.