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Annual and Aggregate Loan Limits

Annual and Aggregate Loan Limits

The maximum amount you can borrow each year in Direct Subsidized and Unsubsidized Loans depends on your grade level and on whether you are a dependent student or an independent student. The actual loan amount you are eligible to receive for an academic year is determined by your school and may be less than the maximum annual amounts shown in the chart below.

Please Note: The Budget Control Act. of 2011 makes the following changes to the William D. Ford Direct Loan Program:

  • Effective for loans made for periods of enrolment (loan periods) beginning on or after July 1, 2012, graduate and professional students are no longer eligible to receive Federal Direct Subsidized Loans. 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.
  • The up-front interest rebate that has been provided to Direct Loan borrowers at the time of their loan disbursement will no longer be offered on any Direct Loan Program loan with a first disbursement date that is on or after July 1, 2012.

The following table shows the maximum amount of money you may borrow each academic year in Direct Subsidized and Unsubsidized Loans:

1st-Year Undergraduate
Dependent Student: $5,500 (maximum $3,500 subsidized)
Independent Student: $9,500 (maximum $3,500 subsidized)

2nd-Year Undergraduate
Dependent Student: $6,500 (maximum $4,500 subsidized)
Independent Student: $10,500 (maximum $4,500 subsidized)

3rd-and 4th-Year Undergraduate
Dependent Student: $7,500 (maximum $5,500 subsidized)
Independent Student: $12,500 (maximum $5,500 subsidized)

Graduate/professional
Dependent Student: NA (All graduate and professional students are considered independent)
Independent Student: $20,500 unsubsidized

  1. Except those whose parents are unable to borrow a PLUS loan (appropriate documentation is required).
  2. These limits also apply to dependent students whose parents are unable to borrow a PLUS loan.
  3. The numbers in parentheses represent the maximum amount that may be subsidized.

Aggregate (total) limits for Direct Subsidized and Unsubsidized Loans:

  • $31,000 for dependent undergraduate students excluding those whose parents are unable to borrow a PLUS Loan (no more than $23,000 may be subsidized)
  • $57,500 for independent undergraduate students and dependent undergraduates whose parents are unable to borrow a PLUS loan (no more than $23,000 may be subsidized)
  • $138,500 for graduate or professional students (no more than $65,500 may be subsidized; includes loans for undergraduate study)

These aggregate limits include both Direct Subsidized and Unsubsidized loans and any subsidized and unsubsidized Federal Stafford Loans received through the Federal Family Education Loan (FFEL) Program.

There is no fixed annual loan limit on Direct PLUS Loans for Parent or Grad PLUS borrowers. PLUS borrowers may borrow up to the cost of attendance for the period of enrolment, minus other estimated financial assistance (EFA) received for that period. EFA includes Direct Subsidized Loan and/or Direct Unsubsidized Loan amounts that student may receive for that period of enrolment as well as other financial assistance received.

SERVICES AVAILABLE:

Effective Wednesday, January 5th, Student Awards & Financial Aid will be reverting to a remote services only model.  In-person service is expected to resume starting January 31 however the situation is being monitored weekly.

Phones Service will be unavailable on January 26, 2022 between 10:00 a.m. and 12:00 noon.

You may reach our office at: (519) 253-3000 Ext. 3300

Phones are answered Monday - Thursday: 10:00 a.m. - 12:00 noon and from 2:00 p.m. - 4:00 p.m daily,
and Fridays from 10:00 a.m. - 12:00 noon only.

Please direct your initial question to ask.uwindsor.ca as there may be a knowledge base article that may answer your question.

In order to better assist you, always please include your UWindsor Student Number in your communications.

Students should complete their UWinAward Student Application/Profile via UWinsite Student > Student Homepage > Award Profile to be matched with eligible funding opportunities.

Additional Information for Domestic Students who are experiencing financial hardship.

Additional Information for International Students who are experiencing financial hardship.

Documents may be faxed, sent as an attachment through ask.uwindsor.ca, placed in our drop-box located in the lobby of CHT or mailed to:

Student Awards & Financial Aid
University of Windsor
401 Sunset Ave. CHT Room 102
Windsor, ON N9H 1G3

Fax: (519) 973-7087

https://ask.uwindsor.ca/
     

At this time, walk-in service is not available.  However, phone service will be available during this time, as well as, service inquiries via the ask.uwindsor.ca platform.

Once we resume in-person service, to visit the Student Awards & Financial Aid Office, the following steps MUST be taken:

1) Complete the Safe Lancer App to receive your Green Approved Badge.  For additional information on the protocols that are in place to visit the campus in person, click here.  Information on the 'Return to Campus' procedures and 'Vaccination Policy' can be found on the University of Windsor website https://www.uwindsor.ca/returntocampus/.  If you do not have a Green Badge, you can't visit us in person and you will need to address your issue using one of our remote services available.  

2) Proceed to campus only if you have completed the Safe Lancer App and have an APPROVED badge.  Access to Chrysler Hall Tower is available by entering through the NORTH doors of Chyrsler Hall North, facing the Leddy Library parking lot.  The main doors to Chrysler Hall Tower remain locked at this time.

3) Remember, students may drop off documents in our drop-box located in the lobby of Chrylser Hall Tower and do not need to get in the queue to complete this task.

4) Be sure that you have government issued photo ID or your UWIN ID card.  We will not be able to serve you in person if you don't have proper identification.

5) Once you are cleared to visit the campus, scan the QR Code below using a mobile device or click on the QR code. Use our queing system to register and to place yourself in our virtual line in order to visit the office for in-person service related to your government financial aid file, scholarships or bursaries.  We are available for in-person service during the following hours:

SAFA Service Hours:
Day Open Close Service
Monday 1:00 PM 3:45 PM 1:00 PM - 4:00 PM
Tuesday 1:00 PM 3:45 PM 1:00 PM - 4:00 PM
Wednesday 9:00 AM 11:45 AM 9:00 AM - 12:00 PM
Thursday 9:00 AM 11:45 AM 9:00 AM - 12:00 PM
Friday ----- ------ Remote services only.

If you feel that you need to talk to someone about your situation, please take the following steps:

1)  Try asking your question using https://ask.uwindsor.ca.  We have many knowledge base articles that might be able to assit you with you question.

2) Log in to https://ask.uwindsor.ca to submit a service request and a Student Awards or Financial Aid Representative will respond to your inquiry as soon as possible.

3) Call our office during our phone service hours.  A Student Award or Financial Aid Representative may be able to resolve your issue over the phone.

4) If options 1) through 3) do not resolve your issue, through option 2) or 3), we will schedule you a virtual Teams meeting/appointment with a Student Awards or Financial Aid Specialist for a time that is mutually convenient.

 

UWinAward Profile/Application Support

Here is the schedule for our virtual drop-in sessions available for students who require assistance with their UWinAward Profile/Application for bursary and scholarship applications.

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General Support

For the week of January 10th, we will be hosting 4 drop-in sessions to answers general financial aid related inquiries to assist students with any questions that they may have regarding regarding Winter 2022 financial aid.  Prospective students who have questions about financial aid availability for the 2022-23 are also encouraged to attend. The schedule for these drop-in sessions can be found here.

Important Notes:

  • We will attempt to return messages and service requests within 2 business days where possible.  In September, January & May however, our response time may be closer to 7-10 business days.

  • Please do not leave/send multiple messages/emails as this will delay our response time.