Yes, I am applying.
In that case you may be offered loans as part of your school's financial aid offer. A loan is money you borrow and must pay back with interest.
Yes, I know. I'm an undergraduate student, how much can I borrow?
The maximum amount you can borrow each year in Direct Subsidized Loans and Direct Unsubsidized Loans ranges from $ 5,500 to $ 12,500 per year, depending on what year you are in school and your dependency status.