How much can a student borrow based on my grade level if enrolled at least half-time?

If you are classified as a undergraduate student, you can borrow up to:

• $2625 if you are a first-year (freshman with less than 30 credit hours) student enrolled in a program of study that is at least a full academic year.
• $3500 if you are a second-year (sophomore with at least 30 earned credit hours) student enrolled in a program of study that is at least a full academic year.
• $5500 if you are at least a third-year (junior/senior with at least 60 earned credit hours) student, seeking a bachelor's degree with a declared major, and enrolled in a program of study that is at least a full academic year.
• $8500 if you are a graduate/professional (accepted into a masters/doctoral program) student, enrolled in a program of study that is at least a full academic year.

If you are classified as an independent undergraduate student or a dependent student, whose parents have been declined through the Federal PLUS Loan Program, you can borrow additional Unsubsidized Federal Stafford Loan funds up to:

• $4000 if you are a first/second-year (freshman/sophomore with less than 60 earned credit hours) student enrolled in a program of study that is at least a full academic year.
• $5000 if you are at least a third-year (junior/senior with at least 60 earned credit hours) student, seeking a bachelor's degree with a declared major, and enrolled in a program of study that is at least a full academic year.
• $10,000 if you are a graduate/professional (accepted into a masters/doctoral program) student, enrolled in a program of study that is at least a full academic year.

Easy View Eligibility & Interest Rate Table

Remember, you may request your student/parent loan through any lender.  If your lender is not shown on the Lender Selection Form, you may write in the name of the lender you wish to borrow from and you must provide ETSU with the application.

Please be aware that the benefits offered by lenders to student loan borrowers vary and are subject to change.  Before selecting a lender, please contact various lenders of interest and review their borrower benefits to determine which lender best meets your educational borrowing needs.  The lenders listed in our Preferred Lender list have demonstrated their commitment to offering ETSU students the best overall terms and services over the life of their loan.

ETSU does not receive any monetary benefit from any lender.

HOW DOES ETSU SELECT ITS PREFERRED LENDERS?  Our preferred lenders are selected on the basis of:

·        Ability to transmit/process loan information electronically

·        Advantages offered to students

·        General student feedback, student preferences over time

·        Track record of performance with ETSU

·        General input from the business community; professional contacts in the student financial aid community, and ongoing review of appropriate professional business and trade journals

·        Determinations are made on an annual basis by the Director in close consultation with the Assistant Directors