Direct Loan Annual Loan Limits
The amount in Direct Loan funds that you are eligible to borrow each academic year is limited by your grade level; whether you are a dependent or an independent student; your financial need; and your cost of attendance.
You cannot borrow more than your financial need or the cost of attendance.
Annual Loan Amounts| Dependent Student | Base Amount (Subsidized or Unsubsidized) | Additional Unsubsidized Loan | Total Annual Combined Maximum Amount of Subsidized & Unsubsidized Loans |
|---|
| First-year undergraduate | $3,500 | $2,000 | $5,500 |
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| Second-year undergraduate | $4,500 | $2,000 | $6,500 |
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| Third-year and beyond undergraduate | $5,500 | $2,000 | $7,500 |
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| Independent Student (and Dependent Students Whose Parents are Denied a PLUS Loan) | Base Amount (Subsidized or Unsubsidized) | Additional Unsubsidized Loan | Total Annual Combined Maximum Amount of Subsidized & Unsubsidized Loans |
|---|
| First-year undergraduate | $3,500 | $6,000 | $9,500 |
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| Second-year undergraduate | $4,500 | $6,000 | $10,500 |
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| Third-year and beyond undergraduate | $5,500 | $7,000 | $12,500 |
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| Postgraduate student | Base Amount (Subsidized or Unsubsidized) | Additional Unsubsidized Loan | Total Annual Combined Maximum Amount of Subsidized & Unsubsidized Loans |
|---|
| | $20,500 | $20,500 |
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Direct Loan Aggregate Loan Limits | Subsidized only | Total Aggregate (Subsidized and Unsubsidized combined) |
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| Dependent undergraduates | $23,000 | $31,000 |
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| Independent undergraduates | $23,000 | $57,500 |
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| Postgraduate students | $65,500 | $138,500 |
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This article was published on Apr 11, 2012
