Common use of Loan Maximums Clause in Contracts

Loan Maximums. You may receive up to the amount of your annual eligibility, as certified by the school, subject the loan maximums described below. Note: The loan amount may be different from the amount disbursed, due to changes in your eligibility, enrollment or academic standing. Financial aid staff are not agents of ACPE and have no authority to change the terms and conditions of this Promissory Note. Undergraduate Students: • On-time enrollment - up to $14,000 • Full-time enrollment - up to $12,500 Graduate Students: • Full-time enrollment - up to $15,000 Career, Technical Education and Flight Programs: Up to $10,000. Cumulative Loan Maximums: • Undergraduate study (including career/technical/flight) - $56,000 • Graduate study - $60,000 • Combined total - $87,000 A borrower who receives Family Education Loans on behalf of more than one student and has borrowed up to the cumulative maximum may receive additional loans if the current total principal balance owed, including the new loan amount, does not exceed the cumulative maximum.

Loan Maximums. You may receive up to the amount of your annual eligibility, as certified by the school, subject the loan maximums described below. Note: The loan amount may be different from the amount disbursed, due to changes in your eligibility, enrollment or academic standing. Financial aid staff are not agents of ACPE and have no authority to change the terms and conditions of this Promissory Note. Undergraduate Students: • On-time enrollment - up to $14,000 • Full-time enrollment - up to $12,500 Graduate Students: • Full-time enrollment - up to $15,000 Career, Technical Education and Flight Programs: • Up to $10,000. 10,000 Cumulative Loan Maximums: • Undergraduate study (including career/technical/flight) - $56,000 • Graduate study - $60,000 • Combined total - $87,000 A borrower who receives Family Education Loans on behalf of more than one student and has borrowed up to the cumulative maximum may receive additional loans if the current total principal balance owed, including the new loan amount, does not exceed the cumulative maximum.