Is it true that an undergrad student can only receive 8 semesters of financial from the federal government?

Question

How much financial aid can a student receive from subsidized and unsubsidized student loans?

Answer 1

All schools have to establish a time line of either semesters or credit hours that once exceeded, a student is not considered to be making satisfactory academic progress (SAP) due to exceeding the time frame. The school's established time frame is meant to keep students from being eternal students on the government's dime. Schools are free to establish the number of semesters/credit hours attempted to determine when a student has exceeded the maximum time frame.

So the answer is yes, at a given institution, 8 semesters could be the limit. However, as each institution is unique and the number of credit hours/semesters varies from school to school, you should contact your school's financial aid office for information regarding maximum time frame. This information may also be found on the financial aid office's website in the SAP policy. It should also be available in your school's catalog.

Answer 2

That is untrue. Here are the limits for the federal stafford loan:

Loan limits
Dependent Annual loan limit
Freshman $3,500*
Sophomore $4,500*
Junior or senior $5,500

Independent Annual loan limit
Freshman $7,500*
Sophomore $8,500*
Junior or senior $10,500
Graduate or professional $20,500*

Undergraduate dependent lifetime limit $23,000
Undergraduate independent lifetime limit $46,000
Graduate or professional lifetime limit** $138,500
*For loans first disbursed on or after July 1, 2007.
**Exceptions may apply to certain graduate students.

Answer 3

it doesn't matter, i am on my 12th semester undergraduate, i am an eternal student i know, but i get financial aid still

Answer 4

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Answer 5

jdub is correct.