Federal Stafford Loan Limits for Health Profession The information below by blackrobert

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									                                            Federal Stafford Loan Limits for Health
                                            Profession Programs1



The information below is supplemental to the Federal Loan Interest Rates and Loan Limits publication
(EdFund I-60).
Annual Stafford Loan Limits (Effective for the 2008-09 Award Year) 2
                      Eligible Programs3                                    Academic Year                        Academic Year
                                                                          covering 9 months                    covering 12 months
 Doctor of chiropractic
 Doctoral degree in clinical psychology
                                                                          Additional $12,500                   Additional $16,667
 Graduate in public health                                              in Unsubsidized Loans                in Unsubsidized Loans
 Master of science in pharmacy (also 4th & 5th yr.
 bachelor’s & some doctorate students)
 Master’s or doctoral degree in health
 administration
 Doctor of allopathic medicine
 Doctor of dentistry
 Doctor of naturopathic medicine
 Doctor of naturopathy                                                    Additional $20,000                   Additional $26,667
 Doctor of optometry                                                    in Unsubsidized Loans                in Unsubsidized Loans
 Doctor of osteopathic medicine
 Doctor of podiatric medicine
 Doctor of veterinary medicine

Aggregate Stafford Loan Limits

            Type of Student               Subsidized         Maximum Subsidized
                                                               & Unsubsidized
 Dependent Undergraduate                    $23,000                   $31,000
 Independent Undergraduate                  $23,000                   $57,500
 Graduate/Professional                      $65,500   5
                                                                     $224,0005

References:
Federal Student Aid Handbook (2007-2008, Volume 3, Chapter 5)
“Dear Colleague” letter (GEN-99-21; GEN-08-04)
 1
      The increased unsubsidized amounts that an eligible health professions student may receive are in addition to the regular Stafford
      annual loan limits. Foreign schools may not award the increased unsubsidized Stafford loan amounts.
 2
      For programs with an academic year covering 10 or 11 months, the annual additional unsubsidized loan limit must be prorated. If the
      academic year covers 10 or 11 months, the prorated annual loan limit is determined by dividing the applicable loan limit for an academic
      year covering nine months by nine, and then multiplying the result by 10 or 11.
 3
      Refer to the Federal Student Aid Handbook (2007-2008, Volume 2, Chapter 1) for accreditation.
 4
      Consistent with Health Education Assistance Loan’s rules, students enrolled in a Doctor of Pharmacy program may receive the increased
      unsubsidized amounts only if they are not required to have a Bachelor or Master of Science in Pharmacy as a prerequisite for the
      Doctorate degree. A Pharmacy Doctorate student who meets this condition is eligible for the same annual loan limits as students
      enrolled in a Bachelor or Master of Pharmacy program. Only one undergraduate program (Bachelor of Science in Pharmacy) was eligible
      under the Health Education Assistance Loan Program. In accordance with Health Education Assistance Loan Program rules, a student
      enrolled in a Bachelor of Science in Pharmacy program may receive the increased unsubsidized amounts only for the fourth and fifth
      years of the program. In addition (consistent with general federal student aid requirements), a dependent undergraduate may receive
      the increased unsubsidized amounts only if the student’s parent is unable to take out a PLUS loan.
5
      Includes undergraduate borrowing.




     i-60.1 5.2008
                                                      w ww.e df u nd.o rg

								
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