What is the aggregate loan limit for a dependent undergraduate student whose parent has been denied a Federal PLUS Loan but who is eligible for an additional unsubsidized Federal Stafford Loan?
A. A dependent undergraduate student whose parent does not qualify for a Federal PLUS Loan is eligible for a combined subsidized and unsubsidized Federal Stafford Loan aggregate amount of $46,000. No more than $23,000 of this amount may be subsidized. Since the Institutional Student Information Record will include a comment indicating the student has exceeded the aggregate loan limit, the student’s file must include documentation that he or she is eligible to borrow at the higher level and has, therefore, not exceeded the aggregate loan limit. Sources: DCL GEN-97-3; Integrated Common Manual subsection 6.11.B. Loan Periods (back to top) Q. A dependent, undergraduate student withdraws from a 900 clock hour program after completing 100 clock hours. The student did not request a FFEL Program loan for this initial period of enrollment. The student subsequently re-enrolled in the same program at the school and was given credit for the previously completed 100 clock hours. While the program b
