; and (II) in the case of a loan to a parent, the amount of a loan awarded under this part to the parent’s child; or (B) the maximum Federal loan amount for which such borrower is eligible in accordance with paragraph (2). (2) Loan limits (A) Annual limits Except as provided under subparagraph (B), (C), or (D), the amount of loans made under this part that an eligible student or parent borrower may borrow for an academic year shall be as follows: (i) Undergraduate students With respect to enrollment in a program of undergraduate education at an eligible institution— (I) in the case of a dependent student— (aa) who has not successfully completed the first year of a program of undergraduate education, $7,500; (bb) who has successfully completed such first year but has not successfully completed the remainder of a program of undergraduate education, $8,500; and (cc) who has successfully completed the first and second years of a program of undergraduate education but has not successfully completed the remainder of such program, $9,500; (II) in the case of an independent student, or a dependent student whose parents are unable to borrow a loan under this part on behalf of such student— (aa) who has not successfully completed the first year of a program of undergraduate education, $11,500; (bb) who has successfully completed such first year but has not successfully completed the remainder of a program of undergraduate education, $12,500; and (cc) who has successfully completed the first and second years of a program of undergraduate education but has not successfully completed the remainder of such program, $14,500