 Department of Education
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Title IV Programs
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Federal Subsidized Stafford Loans are available to undergraduate and graduate students by participating lending institutions and guaranteed by the federal government. The interest on these loans is subsidized (paid) by the federal government while the student is enrolled at least half-time in school.
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Federal Unsubsidized Stafford Loans are available to undergraduate and graduate students by participating lending institutions and guaranteed by the federal government. However, the federal government does not pay the interest while the student is in school. Subsidized Stafford loan eligibility must be determined first, before a student can apply for an Unsubsidized Stafford loan.
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Federal Subsidized and Unsubsidized Annual Loan Limits: The maximum annual Subsidized and Unsubsidized Stafford loan limits per program are as follows for the 2007/2008 academic year:
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| Doctor of Veterinary Medicine (DVM) Program |
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Subsidized
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Unsubsidized
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First Year
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$8,500
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$34,222
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| Second Year |
$8,500
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$34,222
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| Third and Fourth Year |
$8,500 |
$34,222 |
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Doctor of Osteopathic Medicine (DO) Program
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Subsidized
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Unsubsidized
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First Year
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$8,500
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$34,222
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Second Year
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$8,500
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$34,222
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Third Year
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$8,500
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$38,667
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Fourth Year
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$8,500
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$36,444
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Doctor of Pharmacy (PharmD) Program
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Subsidized
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Unsubsidized
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First Year
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$8,500
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$25,889
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Second Year
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$8,500
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$25,889
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Third Year
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$8,500
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$25,889
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Fourth Year
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$8,500
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$28,667
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Doctor of Physical Therapy (DPT)
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Subsidized
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Unsubsidized
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Annual Limit
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$8,500
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Master of Science in Health Science (MSHS) Program
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Subsidized
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Unsubsidized
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Annual Limit
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$8,500
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$12,000
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Master of Physician Assistant (MSPA) Program
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Subsidized
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Unsubsidized
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First Year
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$8,500
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$28,667
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Second Year
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$8,500
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$26,444
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Master of Science Nursing/Family Nurse Practitioner (MSN/FNP) Program
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Subsidized
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Unsubsidized
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Annual Limit
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$8,500
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$28,667
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Master of Science in Nursing (MSN) Program
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Subsidized
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Unsubsidized
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Annual Limit
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$8,500
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$28,667
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Family Nurse Practitioner (FNP) Program
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Subsidized
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Unsubsidized
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Annual Limit
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Master of Science in Nursing Entry (MSN-E) Program
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Subsidized
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Unsubsidized
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First Year
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Aggregate Loan Limits for Subsidized & Unsubsidized Stafford Loans: A borrower who has reached his or her aggergate borrowing limit may not receive additional loans. Once the loans are repaid, in full or in part, the borrower may apply for additional Stafford loans. Outstanding loans include student loans received while the student completed undergraduate and graduate work. In the case of Consolidation loans, the outstanding amounts of any underlying Stafford loans are counted towards the loan limits. The total loan debt a student may have outstanding from all Stafford loans differs depending on their program.
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The maximum outstanding total subsidized and unsubsidized Stafford loan debt is:
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$46,000 for the FNP certificate program, no more than $23,000 of this aggergate amount may be in the form of subsidized loans.
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$138,500 for the MSHS program, no more than $65,500 of this aggergate amount may be in the form of subsidized loans.
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Federal Perkins Loan: For eligible undergraduate and graduate students and subject to availability of funds. The amounts awarded vary, depending on financial need and federal allocation to our school. The Perkins undergraduate loan maximum is $20,000, and graduate students have a $40,000 loan maximum. Perkins loans have a fixed interest rate at five percent.
- Interest Rates for 2008/2009: The interest rates for new loans made after 7/1/06 are as follows:
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Interest Rates 0809 |
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Stafford In-School
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6.8% Fixed
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On new loans after July 1, 2006
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