Pennsylvania Code
Title 22 - EDUCATION
Part VIII - Higher Education Assistance Agency
Chapter 121 - STUDENT FINANCIAL AID
Subchapter C - FEDERAL STAFFORD LOAN PROGRAMS
Section 121.65 - Federal Stafford Loan guaranty limits
Current through Register Vol. 54, No. 12, March 23, 2024
The Agency will guarantee loans to the maximum amounts specified in the following table:
| Additional Unsubsidized | ||
| Subsidized/ | Eligibility | |
| Unsubsidized Loan | for Independent Students* | |
| Annual Loan Limits: | ||
| 1st Year Undergraduate: | ||
| Full academic year | $2,625 | $4,000 |
| 2/3 academic year | $1,750 | $2,500 |
| 1/3 academic year | $ 875 | $1,500 |
| 2nd Year Undergraduate: | ||
| Full academic year | $3,500 | $4,000 |
| 2/3 academic year | Prorated** | $2,500 |
| 1/3 academic year | Prorated** | $1,500 |
| 3rd Year, 4th Year or 5th Year Undergraduate: | ||
| Full academic year | $5,500 | $5,000 |
| Less than full academic year | Prorated** | Prorated** |
| Graduate/Professional Student | $8,500 | $10,000 |
| Aggregate Limits: | ||
| Undergraduate | $46,000 | |
| Graduate/Professional | $138,500 (includes borrowings at the undergraduate level) | |
* Or dependent students whose parents cannot borrow a Federal PLUS loan. The amount an independent student or eligible dependent student can borrow under the unsubsidized Federal Stafford Loan Program during an academic year is:
(a) The amount indicated in the first column minus the subsidized loan amount for which the student is eligible, plus
(b) the amount indicated in the second column. **Straight proration applies if the final portion of the program of study is less than a full academic year. The prorated loan amount must bear the same ratio to the full-academic year loan amount as the remainder of the program bears to 1 academic year.
The provisions of this § 121.65 amended under section 4 of the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. § 5104); section 1 of the act of January 25, 1966 (P. L. 1546, No. 541) (24 P. S. § 5151); sections 3 and 4 of the act of July 12, 1981 (P. L. 264, No. 89) (24 P. S. §§ 5102.1 and 5104(1.2)); the act of July 18, 1974 (P. L. 483, No. 174) (24 P. S. §§ 5181-5189); the act of July 1, 1988 (P. L. 1259, No. 155) (24 P. S. §§ 5191-5197); and the act of June 26, 1992 (P. L. 322, No. 64) (24 P. S. §§ 5198.1-5198.7).
