Subsidized Loan Lifetime Limit by Degree – Applying for Financial Aid

At the Federal Student Aid Conference, it was announced that starting July 1, 2013, new student loan borrowers eligible for subsidized loans will now be restricted to subsidized loans by degree. In essence, an associate degree will receive a certain amount of subsidized loan, a bachelors would receive another higher limit minus the associate degree amounts borrowed if you received an associate degree previously.

The lifetime limits for student loans will remain the same at this time. However, the federal government will begin to restrict how much subsidy they will cover while students are in school.

Stay tuned for more information as this new regulation is rolled out over the next 6 months.


    1. If you are graduating in May 2013, you are strongly encouraged to complete the 2012-2013 FAFSA if you are going to attend summer school. There is the possibility that your school may be able to award you federal aid for the 2012-2013 school year and thus, the reason to complete the form.

    2. I would also encourage you to complete the 2013-14 FAFSA so that you are able to be awarded financial aid for the upcoming Fall 2013- Spring 2014 school year. The information required to complete the 2013-2014 FAFSA will be you or your parents Income Taxes filed for 2012.

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