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. • On-time enrollment - up to $14,000 • Full-time enrollment - up to $12,500 • Full-time enrollment - up to $15,000 Up to $10,000. • 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. • On-time enrollment - up to $14,000 • Full-time enrollment - up to $12,500 • Full-time enrollment - up to $15,000 • Up to $10,000. 10,000 • 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.