/Institutions/Middle-Georgia-State-University/json/2024-2025/Undergraduate-Catalog-local.json

/Institutions/Middle-Georgia-State-University/json/2024-2025/Undergraduate-Catalog.json

Loan Protection

The annual maximum loan amount an undergraduate student may receive must be prorated (reduced) when the borrower is: 

· Enrolled in a program that is shorter than a full academic year; or 
· Enrolled in a program that is one academic year or more in length but is in a remaining period of study (a period of study at the end of which   a student will have completed all requirements of the program) that is shorter than a full academic year. 

Loan Interest Rates and Fees The most current information relating to federal loan interest rates and fees is available at https://studentaid.gov. 

 

Academic Year in College	Dependent Students (except students whose parents are unable to obtain PLUS Loans)	Independent Students (and dependent undergraduate students whose parents are unable to obtain PLUS Loans)
First-Year Undergraduate Annual Loan Limit	$5,500- No more than $3,500 of this amount may be in subsidized loans.	$9,500- No more than $3,500 of this amount may be in subsidized loans
Second-Year Undergraduate Annual Loan Limit	$6,500- No more than $4,500 of this amount may be in subsidized loans.	$10,500- No more than $4,500 of this amount may be in subsidized loans.
Third-Year Undergraduate Annual Loan Limit	$7,500- No more than $5,500 of this amount may be in subsidized loans.	$12,500- No more than $5,500 of this amount may be in subsidized loans.
Fourth Year and Beyond	$7,500- No more than $5,500 of this amount may be in subsidized loans.	$12,500- No more than $5,500 of this amount may be in subsidized loans.
Graduate or Professional Annual Loan Limits	Not Applicable (all graduate and professional students are considered independent)	$20,500 Unsubsidized Loans only (If student borrowed as an undergrad during the aid year, loan amount is included in the $20,500 borrowing limit)
Subsidized & Aggregate Unsubsidized Loan Limit	$31,000- No more than $23,000 of this amount may be in subsidized loans.	$57,500 for undergraduates-No more than $23,000 may be in subsidized loans.
		$138,500- The graduate aggregate limit includes all federal loans received for undergraduate study.