what is the maximum loan amount that is allowed? sandusky
Independent undergraduate students can borrow $9,500 for their first year, $10,500 for their second year and $12,500 for their third and fourth years of study. As with dependent students, the maximum student loan limit is prorated when the remainder of the program is less than one year.
Any federal or New Jersey state (NJCLASS) student loans where you are the borrower and which were incurred for the degree which qualifies you for this program are eligible, up to the program maximum of $50,000 total. Loans that someone else borrowed on your behalf (such as PLUS loans) are not eligible for redemption.