Federal regulations place annual and aggregate (lifetime) limits on the amount you can borrow. These limits include Federal Stafford Loans borrowed at other schools you have attended. The total amount borrowed in all programs combined (including Parent Loans) can’t exceed your annual costs as determined by RSU, minus any other aid you will receive.

Undergraduate Subsidized Unsubsidized
Freshman $3,500 $2000 – dependent students*
$6,000 – independent students
Sophomore $4,500 $2,000 – dependent students*
$6,000 – independent students
Junior/Senior $5,500 $2,000 – dependent students*
$7,000 – independent students

*Undergraduate dependent students whose parents are denied a Parent Plus Loan may be eligible for the independent undergraduate loan limits.

Graduate  $20,500 

Aggregate (lifetime) Loan Limits

Classification Subsidized Limit Overall Limit
Dependent undergraduate $23,000  $31,000
Independent Undergraduate $23,000 $57,500
Graduate*  $65,000 $138,500

*Graduate limit includes both undergraduate subsidized and unsubsidized loans.

Subsidized Loan Limit Usage (SULA)

This provision limits first time loan borrower’s eligibility for Direct Subsidized Loans to not exceed 150% of the borrower’s educational program. The 150% limit provision applies to first time loan borrowers on or after July 1, 2013. In general, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program. This is called your “maximum eligibility period.” You can usually find the published length of any program of study in your school’s catalog.

Your maximum eligibility period is based on the published length of your current program. This means your maximum eligibility period can change if you change programs. Also, if you receive Direct Student Loans for one program and then change to another program, the Direct Subsidized Loan you received for the earlier program will generally count against your new maximum eligibility period.

In addition, if you continue to be enrolled in any undergraduate program after you have received Direct Subsidized Loans for your maximum eligibility period, the Department of Education will no longer (with certain exceptions) pay the interest that accrues on your Direct Subsidized Loans for periods when they would normally have done so. For addition please review the following SULA fact sheet.

To apply for a federal student loan complete the Free Application for Federal Student Aid (FAFSA) and apply for admission to Rogers State University. After you have been awarded, you will receive an award letter with instructions to accept your awards, complete entrance counseling and sign a Master Promissory Note for any loans you choose to accept.

Loans are disbursed directly to the University and applied to your account. Any remaining balance after all your charges have been paid will be refunded back to you. Loan amounts vary based on grade level, financial need, and other types of aid received.  For additional information on loan limits, rates and eligibility view the current federal loan fact sheet.

Students must complete an Exit Counseling session once they graduate, fall below half-time status, or sit out of school for a period longer than six months.