The maximum amount of loan to any qualified applicant in a fiscal year is $2,500. The total of loans to any eligible person through the Future Teacher Loan Program may not exceed $5,000. A change in either financial resources or reasonable expenses of the student shall make the student responsible for the immediate repayment of any overcommitment of loan funds. Prior to recommending the loan, the institutional loan program officer shall make certain that the student is properly utilizing all other appropriate forms of student financial assistance.