How Much Can You Borrow?
The following charts illustrate government loan borrowing limits for students and their parents.
| Federal Direct Loan Limits (Dependent Undergraduate Students) | ||
|---|---|---|
| School Year | Annual Loan Limits | Aggregate Loan Limits |
| Freshman | $5,500 ($3,500 between base subsidized and unsubsidized, plus an additional $2,000 unsubsidized) | $31,000 (up to $23,000 may be subsidized) |
| Sophomore | $6,500 ($4,500 between base subsidized and unsubsidized, plus an additional $2,000 unsubsidized) | |
| Junior or Senior | $7,500 ($5,500 between base subsidized and unsubsidized, plus an additional $2,000 unsubsidized) | |
| Federal Direct Loan Limits (Independent Undergraduate and Graduate Students) | ||
|---|---|---|
| School Year | Annual Loan Limits | Aggregate Loan Limits |
| Freshman | $9,500 ($3,500 between base subsidized and unsubsidized, plus an additional $6,000 unsubsidized) | $57,500 (up to $23,000 may be subsidized) |
| Sophomore | $10,500 ($4,500 between base subsidized and unsubsidized, plus an additional $6,000 unsubsidized) | |
| Junior or Senior | $12,500 ($5,500 between base subsidized and unsubsidized, plus an additional $7,000 unsubsidized) | |
| Graduate/Professional | $20,500 unsubsidized | $138,500 (up to $23,000 may be in subsidized undergraduate Stafford Loans) |
| Federal Direct PLUS Loan Limits | ||
|---|---|---|
| School Period | Annual Loan Limit | Aggregate Loan Limit |
| Undergraduate | Cost of attendance minus other financial aid, per dependent student | None |
| Federal Direct Graduate/Professional PLUS Loan Limits | ||
|---|---|---|
| School Period | Annual Loan Limit | Aggregate Loan Limit |
| Graduate | Cost of attendance minus other financial aid | None |
| Federal Perkins Loan Limits | ||
|---|---|---|
| School Period | Annual Loan Limits | Aggregate Loan Limits |
| Undergraduate | $5,500 | Freshman and Sophomore - $11,000 Junior and Senior - $27,500 |
| Graduate | $8,000 | $60,000 (includes all undergraduate and graduate study) |