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Consumer data and policies can be found here.
The following charts provide the maximum annual and lifetime loan amount that can be borrowed through the William D. Ford Federal Direct Loan program.
| Dependent Student – Annual Amount | Subsidized + Unsubsidized | Total |
|---|---|---|
| Freshman (0-29 credits) | $3,500 + $2,000* | $5,500* |
| Sophomore (30-59 credits) | $4,500 + $2,000* | $6,500* |
| Junior/Senior (60+ credits) | $5,500 + $2,000* | $7,500* |
| Independent Student – Annual Amount | Subsidized + Unsubsidized | Total |
|---|---|---|
| Freshman (0-29 credits) | $ 3,500 + $ 6000* | $9,500* |
| Sophomore (30-59 credits) | $ 4,500 + $6000* | $10,500* |
| Junior/ Senior (60+ credits) | $ 5,500 + $ 7,000* | $12,500* |
| Graduate Student | $ 20,500 Unsubsidized only* | $20,500* |
*Loan limits may be subject to proration
| Student Status | Subsidized + Unsubsidized Maximum Aggregate Loan Limits (Lifetime Loan Limits) |
|---|---|
| Dependent Undergraduate | $31,000 |
| Independent Undergraduate | $57,500 |
| Graduate Student | $138,500 |
To participate in most aid programs, undergraduate students must enroll for a minimum of 6 credit hours per semester and graduate students must enroll in a minimum of 3 credit hours per semester in a program leading to a degree. See enrollment classifications:
| Classification | Credits Per Term | |
|---|---|---|
| Undergraduate | Graduate | |
| Full-Time | 12+ credit hours | 6+ credit hours |
| ¾ Time | 9-11 credit hours | Not applicable |
| ½ Time | 6-8 credit hours | 3-5 credit hours |
Cleary graduates use their business arts education to become the employees, entrepreneurs, and leaders who transform the marketplace…and the world.
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