Trends and Issues

Policy potpourri

Q.: Is a graduate student who is pursuing a second master's degree eligible for Stafford loans funds?

A.: Yes, as long as the student has not reached the aggregate maximum amount applicable to a graduate or professional student, the student would be eligible for Stafford loan funds for a second graduate degree.

Common Manual, Subsection 6.11 B outlines the aggregate limits for Stafford loans:

"A graduate or professional student is eligible to borrow a combined subsidized and unsubsidized Stafford aggregate loan amount of up to $138,500 (including all SLS and Direct Stafford loans received or any portion of an outstanding Consolidation loan that fully repaid such loans). Subsidized Stafford loans may comprise no more than $65,500 of the total amount borrowed. If a student is ineligible for subsidized Stafford loan funds, the student may borrow the entire $138,500 Stafford aggregate loan limit in unsubsidized Stafford loan funds."

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