Office of Student Aid : Loans : Federal Direct Stafford Loan : Loan Amounts-Undergraduate Students
Direct Stafford Loan Amounts for Undergraduate Students
Yearly Limits for Undergraduate Studentsa |
Direct Stafford Loan |
Extended Direct Stafford Loanb |
|---|---|---|
| First year (0-27 credits) |
$3,500 |
$4,000 |
| Second year (27.1-59 credits) |
$4,500 |
$4,000 |
| Third year (59.1-91 credits) |
$5,500 |
$5,000 |
| Fourth year (91.1 + credits) |
$5,500 |
$5,000 |
| Fifth and additional years (123.1 + ) (if needed) |
$5,500 |
$5,000 |
| Teacher Certificationc Only (Based on fifth year) |
$5,500 |
$7,000 |
a) Undergraduate Students - Yearly loan amounts may be limited based on other financial aid received and the cost of attendance while enrolled. Loans and other aid can never exceed your cost of attendance, even if you have not reached the yearly loan maximum.
b) Extended Direct Stafford Loan is awarded to only (1) independent students and (2) dependent students, if a parent has been denied the Parent Direct PLUS Loan.
c) Teacher Certification - Due to federal statute, Federal Direct Stafford Loan eligibility is based on fifth year undergraduate loan limits even though you are required to have a bachelor's degree and your admission is administered by the Graduate School at Penn State.
Career Maximum for Undergraduate Students |
Direct Stafford Loan |
Extended Direct Stafford Loan** |
|---|---|---|
$23,000 |
$23,000 |
To determine the cumulative amount of Stafford loans you have borrowed to date, access NSLDS.