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Based on the college or university's academic year:
STAFFORD LOAN/Dependent Students
(Subsidized and Unsubsidized):
Academic year 1 - $3,500
Academic year 2 - $6,500
Academic years 3, 4 & 5 - $7,500
STAFFORD LOAN/Independent Students
(Subsidized and Unsubsidized):
Academic year 1 - $9,500 (At least $4,000 of this amount must be unsubsidized)
Academic year 2 - $10,500 (At least $4,000 of this amount must be unsubsidized)
Academic years 3, 4 & 5 - $12,500 (At least $5,000 of this amount must be unsubsidized)
Graduate/Professional - $20,500 (At least $12,000 of this amount must be unsubsidized)
PARENT PLUS LOAN
The Cost of Attendance (COA) per child (minus any other financial aid) is the only cap on PLUS loan borrowing limits. Credit checks are required and Regions has the following adverse credit criteria for this loan (as determined by federal regulations):
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The applicant is 90 days or more delinquent on the repayment of any debt.
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The applicant had been the subject of a default determination on any debt, foreclosure, tax lien, repossession, wage garnishment, bankruptcy discharge, write-off of a Title IV debt during the 5-year period before the date of the credit report.
GRADUATE PLUS LOAN
Graduate/Professional students can borrower up to the Cost of Attendance (minus any other financial aid). Credit checks are required but no credit history will not effect the approval process.
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