I have a student who exceeded her annual loan limit last year, but who has not exceeded her aggregate loan limits. Is she eligible for loan funds this year?

Borrowers who have exceeded either the annual or aggregate Stafford loan limit are not eligible for additional Title IV funds until the excess is resolved.

Borrowers who have exceeded the annual loan limit, but have remaining eligibility within the aggregate loan limit, have several options for regaining Title IV eligibility. Stafford loan borrowers can resolve the excess by any of the following methods: 

• Repaying the excess loan amount in full. 
• Making satisfactory repayment arrangements with the loan holder. 
• Working with the school and lender to reallocate loan funds from subsidized to unsubsidized Stafford funding, or vice versa, as long as eligibility remains in the program under which the excess did not occur.

The school can certify additional Title IV financial assistance for the student only when the excess annual amount is resolved.