Page 56 - BSU Undergraduate-Catalog-2017-2019

Dependent Undergraduate Direct Loan Annual Limits/ No Parent plus Loans

Grade Level Credits Subsidized Unsubsidized Total Amount
Loan Amount Loan Amount

Freshman 0-29 $3500 $2000 $5500
Sophomore 30-59 $4500 $2000 $6500
Junior 60-89 $5500 $2000 $7500
Senior 90+ $5500 $2000 $7500

Eligibility for Additional Unsubsidized Loans:

Independent undergraduate students may receive a higher amount of unsubsidized loan.
Freshmen and sophomores may be eligible for up to $4000 in additional unsubsidized while juniors
and seniors may be eligible for up to $5,000 in additional unsubsidized. (Please refer to the FAFSA
form for criteria for independency)
Dependent students whose parents have been denied parent plus loans are eligible to receive
additional unsubsidized loans. Freshmen and sophomores may be eligible for up to $4,000 in
additional unsubsidized while juniors and seniors may be eligible for up to $5,000 in additional
unsubsidized.

Independent Undergraduate & Dependent Students with Parent plus Loan Denials
Grade Level Credits Subsidized Loan Unsubsidized Loan Total Amount
Amount Amount
Freshmen 0-29 $3,500 $6,000 $9,500
Sophomore 30-59 $4,500 $6,000 $10,500
Junior 60-89 $5,500 $7,000 $12,500
Senior 90 + $5,500 $7,000 $12,500

Additional Eligibility Criteria:

New student borrowers to BSU must complete an electronic Master Promissory note (MPN) and an
on-line entrance counseling session before receiving any disbursement of loan proceeds to the
student’s university account. Use www.studentloans.gov. Students must create FSA ID that uses
username and password to be able to login www.studentloans.gov to complete Electronic Master
Promissory Note (MPN), Direct Loan Entrance Counseling and Exit Counseling.

.

In addition to annual loan limits, the Federal Direct Loan Program also has aggregate limits

Direct Loan Aggregate Loan Limits

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