Amounts for Grants & Loans

Pell Grant

Award amounts are based on a combination of your EFC (Expected Family Contribution) calculated from the FAFSA, and enrollment at the census date (semester add/drop deadline).  Your award is for the entire academic year (fall through summer). The actual amount received depends on the number of credits taken per enrollment. The breakdown is as follows: 

Semester Enrollment Prorated Disbursement Amount
12 + credits Full-time payment
9.0-11.5 credits Three-quarter-time payment
6.0-8.5 credits Half-time payment
0.5-5.5 credits Less-than-half-time payment

Example: Chris is awarded $3000 in Pell Grant for the year. He takes 13 credits fall and 12 credits winter. Since he is enrolled full-time both semesters, he will receive the full $3000 award ($1500 fall and $1500 winter).

Once awarded you should refer to your My Financial Center for a disbursement breakdown specific to your award (click on the ‘Federal Pell Grant’ link on your ‘Award Package’ accept/decline page). 

Direct Subsidized/Unsubsidized Loans

Award amounts are based on your year in school, dependency status (determined from the FAFSA), and financial need.  Graduate and Professional students are not eligible for subsidized loans.

The amounts in the chart below are annual maximum amounts. You may be awarded less depending on your need and other financial aid you receive. 

Dependent Undergraduate Students
Class Standing Subsidized Limit Additional Unsubsidized Limit Combined Maximum Limit
Freshman $3,500 $2,000 $5,500
Sophomore $4,500 $2,000 $6,500
Junior/Senior $5,500 $2,000 $7,500
Aggregate Dependent Subsidized Maximum $23,000
Aggregate Dependent Combined Maximum $31,000

 

Independent Undergraduate Students
Class Standing Subsidized Limit Additional Unsubsidized Limit Combined Maximum Limit
Freshman $3,500 $6,000 $9,500
Sophomore $4,500 $6,000 $10,500
Junior/Senior $5,500 $7,000 $12,500
Aggregate Independent Subsidized Maximum $23,000
Aggregate Independent Combined Maximum $57,500

 
Graduate or Professional Students
Unsubsidized Limit Combined Maximum Limit
$20,500 $20,500
Aggregate Graduate Subsidized Maximum (awarded prior to 2012) $65,500
Aggregate Graduate Combined Maximum $138,500

In addition to annual maximum loan amounts there are also lifetime (aggregate) limits. Once your aggregate limit is reached, you are ineligible for further loans. Click here for additional information on loan amounts. 

 

PLUS Loans

The parent of a dependent undergraduate student may borrow up to their student’s cost of attendance (see COA) minus other financial aid. Subsidized and/or unsubsidized loans must be awarded prior to the awarding of PLUS Loans. 

Grad PLUS Loans

Graduate and professional degree-seeking students may borrow up to his/her cost of attendance (see COA) minus other financial aid. Subsidized and/or unsubsidized loans must be awarded prior to the awarding of Grad PLUS Loans. 

Questions