Financing Medical School
Unsubsidized Stafford Loan Limits
The Unsubsidized Stafford Loan is available to all students regardless of income or credit. This loan is not subsidized by the federal government. You are responsible for all interest that accrues while you are in school, in deferment or during your grace period. You may choose to make interest payments while in school or defer (and accumulate) the interest until repayment.
Available amount for...
Year 1 student = $40,500
Year 2 student = $40,500
Year 3 student = $47,167
Year 4 student = $47,167
Over lifetime of student borrowing the aggregate limit is $224,000 . Does not include Perkins, Grad PLUS or other outside loans.
If you “max out” each year:
- $ 40,500 Year 1
- $ 40,500 Year 2
- $ 47,167 Year 3
- $ 47,167 Year 4
- $175,334 Total Stafford Loans Borrowed over a 4 Year Period
$224,000 Aggregate Limit - $175,334 Borrowed if Stafford Loans are Maxed Out for 4 Years = $48,666 Remaining Stafford Loan Eligibility
If you matriculate with more debt than $48,666, you will hit the aggregate limit.