What is The amount of Direct Stafford Loans that a student may receive each year is based on his or her?

The amount of Direct Stafford Loans a student may receive each year is based on their year in school (e.g., freshman, sophomore, junior, or senior), dependency status (dependent or independent), and the overall cost of attendance at their institution. For undergraduate students, annual limits typically range from $5,500 to $12,500, with varying maximum amounts for graduate students. Additionally, the total amount borrowed over the course of their education is capped.