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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 YearAnnual Loan LimitsAggregate 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 YearAnnual Loan LimitsAggregate 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 PeriodAnnual Loan LimitAggregate Loan Limit
UndergraduateCost of attendance minus other financial aid, per dependent studentNone
Federal Direct Graduate/Professional PLUS Loan Limits
School PeriodAnnual Loan LimitAggregate Loan Limit
GraduateCost of attendance minus other financial aidNone
Federal Perkins Loan Limits
School PeriodAnnual Loan LimitsAggregate Loan Limits
Undergraduate$5,500Freshman and Sophomore - $11,000
Junior and Senior - $27,500
Graduate$8,000$60,000 (includes all undergraduate and graduate study)