Ford Direct Unsubsidized Stafford Loan
Any student, regardless of need, may borrow from the Ford Direct Unsubsidized Stafford Loan Program. The procedures to receive a loan are the same as for the Ford Direct Stafford Loan. The annual loan limits are the same and include any funds borrowed through the guaranteed program. Repayment of the loan is deferred as long as the student is enrolled at least half-time; however, interest on the loan should be paid while the student is in school. The interest can also be deferred, but would be compounded to the principal of the loan.
Listed below is the maximum amount a student may borrow each academic year of college:
Freshmen (up to 29 earned hours) |
$3,500 |
Sophomores (30-59 earned hours) |
$4,500 |
Juniors and Seniors (60 or more earned hours) |
$5,500 |
Provisional/Certification Students |
$5,500 |
Graduate Students |
$8,500 |
An independent student may borrow the following amounts from the unsubsidized loan in addition to the Ford Direct Stafford Loan limits:
Freshman/Sophomore |
up to $4,000 a year |
Junior/Senior ... |
up to $5,000 a year |
Provisional/Certification Students |
up to $7,000 a year |
Graduate |
up to $12,000* |
*Not to exceed UWG budget for the academic year.
