A Stafford Loan allows dependent undergraduates to borrow up to $5,500 their freshman year, ($3500 subsidized).
$6,500 their sophomore year,( $4500 subsidized).
$7,500 for each remaining year ($5500 subsidized).

Independent students can borrow an additional unsubsized $4,000 each of the first two years and an additional $5,000 each of the remaining years).

Graduate students can borrow up to $20,500 per year.                             ($8500 subsidized).

The Federal Stafford is a no-collateral, simple-interest, federally-guaranteed loan program. The interest rate is fixed at 6.8%.

No payments are required until six months after you finish or leave school.