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What is the maximum FAFSA payout?

How much money can I get? Amounts can change yearly. The maximum Federal Pell Grant award is $7,395 for the 202324 award year (July 1, 2023, to June 30, 2024).

How much FAFSA student loan can I get?

$57,500 for undergraduates-No more than $23,000 of this amount may be in subsidized loans. $138,500 for graduate or professional students-No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.

What is the maximum subsidized student loan amount?

TABLE 4: AGGREGATE LIMITS FOR DIRECT SUBSIDIZED LOANS AND DIRECT UNSUBSIDIZED LOANS Total (subsidized and unsubsidized)Maximum subsidizedIndependent undergraduates (and dependent undergraduates whose parents cant get Direct PLUS Loans)$57,500$23,000Graduate and professional students$138,500$65,0001 more row Jul 26, 2023

Is federal student aid different from FAFSA?

Aid is available from the federal government in the form of grants, work-study funds, and loans. Students use the Free Application for Federal Student Aid (FAFSA) form to apply.

How much financial aid can FAFSA give?

Federal financial aid limits Maximum amount (2022-23)Direct Subsidized Loan$3,500 to $5,500 per year, depending on year in schoolDirect Unsubsidized Loan$5,500 to $20,500 per year, depending on year in school and dependency statusDirect PLUS LoanTotal cost of attendanceFederal work-studyVaries by school4 more rows Feb 7, 2023

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