Additional Unsubsidized Federal Direct Stafford Loan

If you are an independent undergraduate student or a dependent student whose parents are declined for a PLUS Loan, you may borrow an additional unsubsidized Stafford loan as follows: students in their freshmen and sophomore undergraduate years may borrow a maximum of $4,000 per academic year; students in their junior or senior undergraduate year may borrow a maximum of $5,000 per academic year; and graduate students may borrow $12,000 per academic year in addition to the loan limits mentioned previously, not to exceed the cost of education.