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Self-Help Loan and Work Aid

FOR DOMESTIC STUDENTS

Standard Loan/Work Awards for Domestic (or Eligible Non-Citizen) Students

Please note that standard awards are need based aid.

Listed below are projected loan and work limitations. These levels are estimated and moderate changes may be made each year.

Traditional Students

Loan Award

Work Award

First Year (As of academic year 12/13)

$3,500

$2,250

Second Year

$4,500

$2,650

Third Year

$5,500

$2,650

Fourth Year

$5,500

$2,650

Ada Comstock Scholars

Loan Award

Work Award

Each Year

$5,500

$2,650

Work Awards

Generally based on 7-10 hours per week for 30 weeks.

Maximum Federal Annual Loan Amount Limits

The Federal loan limits listed below are maximums. Your financial aid package may show a lesser amount based on the college’s policy of awarding need-based aid. You may still be eligible to borrow up to the federal maximum, although you may not be eligible for the interest subsidy on the entire loan.

Undergraduate Maximum Subsidized Loan Annual Amount

First Year

$3,500

Second Year

$4,500

Third Year

$5,500

Fourth Year

$5,500

Fifth Year

$5,500

 

Supplemental Unsubsidized Federal Direct Ford Loan

All students are eligibile to borrow up to an additional $2,000 in Federal Unsubsidized Loan, depending on their calculated family contribution.  Students who have not been awarded the additional $2,000 in unsubsidized loan may request this loan by e-mailing st_loans@smith.edu.  Include the student's Smith ID number and the amount requested.

Dependent students whose parents were denied for a federal PLUS Loan and Independent students may be eligible to borrow additional amounts, listed below, through this program.

Undergraduate Maximum Additional Unsubsidized Loan Annual Amount

First Year

$6,000

Second Year

$6,000

Third Year

$7,000

Fourth Year

$7,000

Fifth Year

$7,000

Get more general loan information.

For Domestic
Students

For Domestic
Students with Awards

General Loan Information

For International Students

For International Students with Awards

 
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