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Subsidized and Unsubsidized (Federal Family Education Loan Program and Federal Direct Loan Program)
In addition to financial need, the amount of student loans that can be borrowed depends upon several factors, such as a student's year in school and whether the loan(s) are subsidized or nonsubsidized. For more detailed information on determining loan periods, annual and aggregate loan limits, and proration, see Volume 3 FSA Handbook: Calculating Awards and Packaging.
Federal Stafford Loan Limits
Maximum annual limits for undergraduate and graduate students are monitored by the college based on federal regulations. Below is the loan limits chart for loans disbursed on or after July 1, 2008.
| Annual Limits |
Subsidized |
Total (Subsidized & Unsubsidized) |
| Dependent Undergraduates |
|
|
| First Year |
$3,500 |
$5,500 |
| Second Year |
$4,500 |
$6,500 |
| Third Year and higher |
$5,500 |
$7,500 |
| Independent Undergraduates* |
|
|
| First Year |
$3,500 |
$9,500 |
| Second Year |
$4,500 |
$10,500 |
| Third Year and higher |
$5,500 |
$12,500 |
| Graduate and Professional Students |
$8,500 |
$20,500 |
| |
|
|
| Aggregate Limits |
Subsidized |
Total (Subsidized & Unsubsidized) |
|
Dependent Undergraduates |
$23,000 |
$31,000 |
| Independent Undergraduates* |
$23,000 |
$57,500 |
| Graduate and Professional Students |
$65,500 |
$138,500 |
Additional Information on Loan Limits
- Certain health professions students may qualify for increased loan limits depending on the program of study.
- Annual loan limits for undergraduate students are prorated.
- *Independent students may qualify for additional unsubsidized Stafford loan amounts. Dependent students may also qualify for additional amounts if determined eligible by the financial aid administrator or if the parents do not qualify for a Federal PLUS loan.
- Preparatory and Teacher Certification students have increased loan limits.
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