… or first professional degree and who demonstrate financial need. Awards are based on your Student Aid Index (SAI), as calculated by the results of your FAFSA and enrollment intensity. The maximum annual award is $7,395. Students have a maximum … loan. Federal Direct PLUS loans are not based on demonstrated need and may be used to replace all or portions of the calculated student aid index for students who completed a FAFSA. Not all colleges participate in PLUS loans. Contact your …