| |
Stafford
Maximum Annual Loan Amounts |
| |
Dependent
Student |
Independent
Student |
| Total
amount, subsidized & unsubsidized |
Base
amount, subsidized & unsubsidized |
Additional
amount, unsubsidized |
Total
amount, subsidized & unsubsidized |
First-year
undergraduate,
full academic year: |
$3,500 |
$3,500 |
+$4,000 |
$7,500 |
Second-year
undergraduate,
full academic year: |
$4,500 |
$4,500 |
+$4,000 |
$8,500 |
Third-year
(and beyond) undergraduate,
full academic year: |
$5,500 |
$5,500 |
+$5,000 |
$10,500 |
| Graduate/Professional: |
Not
Available |
$8,500 |
+$12,000 |
$20,500 |
| |
Maximum Allowable Outstanding Loan Balance:
Dependent Undergraduate: $23,000
Independent Undergraduate: $46,000
Graduate/Professional Student: $138,500*
*$65,500 subsidized, $73,000 unsubsidized
includes any loans received as an undergraduate.
|
Stafford Loans 6.8% fixed
PLUS Loans
8.5% fixed
Repaying Your Student Loans
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 |
