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 LoanTotal Annual Combined Maximum Amount of Subsidized & Unsubsidized Loans
First-year undergraduate$3,500$2,000$5,500
Second-year undergraduate$4,500$2,000$6,500
Third-year and beyond undergraduate$5,500$2,000$7,500
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
Second-year undergraduate$4,500$6,000$10,500
Third-year and beyond undergraduate$5,500$7,000$12,500
Postgraduate studentBase Amount (Subsidized or Unsubsidized)Additional Unsubsidized LoanTotal Annual Combined Maximum Amount of Subsidized & Unsubsidized Loans
$20,500$20,500
Direct Loan Aggregate Loan Limits
Subsidized onlyTotal Aggregate (Subsidized and Unsubsidized combined)
Dependent undergraduates$23,000$31,000
Independent undergraduates$23,000$57,500
Postgraduate students$65,500$138,500

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