The Military College of South Carolina Dare to Lead

Info Academics Admissions Alumni Cadet Life Graduate College Athletics Connect Giving
Close this window

Giving to The Citadel

  • The Citadel Foundation
  • Blueprint
  • The Citadel Brigadier Foundation

Graduate Student Loan Information

Important Changes in Federal Student Aid for Graduate and Professional Students

The Budget Control Act (BCA) of 2011 was signed into law on August 2, 2011. This Act makes several important changes to the Federal Direct Stafford Loan Program including the loss of subsidized loans for graduate and professional students.

Loss of Subsidized Loan Eligibility for Graduate and Professional Students

Effective for loans made for periods of enrollment (loan periods) beginning on or after July 1, 2012, graduate and professional students are no longer eligible to receive Federal Direct Subsidized Loans. The terms and conditions of Direct Subsidized Loans received by any student for loan periods beginning before July 1, 2012, for either graduate or undergraduate study, are not affected by this change.

The annual loan limit for graduate and professional students remains unchanged at $20,500, but this amount will now be limited to Direct Unsubsidized Loans, as shown in the following chart:

Annual Loan Limits for Graduate/Professional Students

Loan periods beginning before July 1, 2012

Loan periods beginning on or after July 1, 2012

Subsidized Loan Maximum

Unsubsidized Loan Maximum

Subsidized Loan Maximum

Unsubsidized Loan Maximum

All Graduate and Professional Students

$8,500

$20,500, less any subsidized amount received

$0

$20,500

The aggregate loan limit for graduate and professional students remains unchanged at $138,500, not more than $65,500 of which may be in subsidized loans.

The elimination of subsidized loan eligibility for graduate and professional students does not affect undergraduate student borrowers, who remain eligible to receive Direct Subsidized Loans.