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Loan Limit
AMOUNT YOU MAY BORROW
The charts that follow show the maximum amounts of Direct Subsidized Loans and Direct Unsubsidized Loans that you may borrow for a single academic year (annual loan limits), and the maximum amounts that you may borrow in total for undergraduate and graduate study (aggregate loan limits).
The aggregate loan limits are combined limits that include Direct Subsidized Loans and Direct Unsubsidized Loans, as well as any Subsidized Federal Stafford Loans and Unsubsidized Federal Stafford Loans you may have previously received through the FFEL Program.
The annual and aggregate loan limits for independent undergraduates also apply to dependent undergraduates whose parents are unable to obtain a Direct PLUS Loan because of exceptional circumstances.
If you are enrolled in certain health professions programs, you may qualify for higher annual and aggregate limits on Direct Unsubsidized Loans.
The actual loan amount you receive will be determined by your school, based on your academic level, dependency status, and other factors such as:
- The length of the program or the remaining portion of the program in which you are enrolled, if it is less than a full academic year;
- Your cost of attendance;
- Your Expected Family Contribution;
- Other financial aid you receive; and
- Your remaining eligibility under the annual or aggregate loan limits.
The actual amount you receive for an academic year may be less than the maximum annual amounts shown in the charts.
If you are an undergraduate student, your school must determine your eligibility for a Federal Pell Grant before you may receive a Direct Subsidized Loan or a Direct Unsubsidized Loan, and must determine your eligibility for a Direct Subsidized Loan before determining your eligibility for a Direct Unsubsidized Loan.
|
First Year Total |
$5,500 |
|
Second Year Total |
$6,500 |
|
Third Year & Beyond (Total Each Year) |
$7,500 |
|
First Year Total (maximum $3,500 subsidized) |
$9,500 |
|
Second Year Total (maximum $4,500 subsidized) |
$10,500 |
|
Third Year & Beyond (Total Each Year) |
$12,500 |
|
Total Amount (Each Year) (Unsubsidized only) |
$20,500 |
|
Total Amount Cumulative |
$31,000 |
|
Total Amount Cumulative |
$57,500 |
|
Total Amount Cumulative |
$138,500 |