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Loan Requirements
Loan Policy
Loan Application
Definition of Terms
Frequently Asked Questions
Budget
Contacts Us
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Scholarships, Grants, and Financial Assistance

Ana G. Méndez University System Student Loan Policy

The Admissions and Financial Assistance Office determines student eligibility for the FFELP Loan Program according to Federal Department of Education requirements and institutional policy. The amount granted will be the maximum permissible per study year or need, whichever is less.

The following shows the annual loan limits approved by the Federal Department of Education:

STUDY YEAR

DEPENDENT SUBSIDIZED AMOUNT

INDEPENDENT SUBSIDIZED AMOUNT

INDEPENDENT NON-SUBSIDIZED AMOUNT

First Year

$ 3,500

$ 3,500

$ 4,000

Second Year

$ 4,500

$ 4,500

$ 4,000

Third Year

$ 5,500

$ 5,500

$ 5,000

Graduate or Doctorate

N/A

$ 8,500

$ 12,000

If this is the first time you are applying for a loan, the institution must sign a Master Promissory Note from the bank of your choice and complete an entrance orientation. Once the Admissions and Financial Assistance Official submits your application and the bank approves it, the Admissions and Financial Assistance Office receives the approval and begins the process on the dates established so that the funds are reflected in the student’s account (Treasurer’s Office). This is done always and when all requirements are met at each loan payout. The Treasurer’s Office will reimburse the student by mail for leftover funds if applicable.

During each academic term, student loan eligibility is verified. The institution will disburse the funds for one academic year in two payments. For only one academic term, the disbursement is made in two portions with thirty days between each. Study years are established in the automated system according to established academic standards and are used to determine the amount each student is eligible for.

Note: To reduce, (less than what you are eligible for), cancel, or increase the applied-for loan amount, or for non-subsidized loans, visit the Admissions and Financial Assistance Office.