The Federal Direct Stafford Student Loan allows a student to borrow at a low interest rate. Repayment begins six months after the student ceases to be enrolled in six or more credit hours. A freshman level student may borrow up to $3,500 in a subsidized student loan and a sophomore level student may borrow up to $4,500 per year, if eligible. A dependent student may additionally borrow up to $2,000 in an unsubsidized loan and an independent student may additionally borrow up to $6,000, if eligible. New borrowers after July 1, 2013, are limited on the maximum period of time they can receive subsidized loans. If this limit applies, they may not receive subsidized loans for more than 150 percent of the length of their academic program. The maximum eligibility period is based on the published length of their current academic program (available in the course catalog). Loan funds may be used toward tuition, fees, books, transportation, and other educational expenses. Student loan information is available in the Financial Aid Office, Room B-160 of the Student Center, or call (708) 456-0300, Ext. 3045 for the loan specialist.