Loan Limits
How much you can borrow in a student loan depends on
- Cost of attendance,
- Academic level, and
- Dependency status.
Subsidized Federal Stafford Loan
You may borrow up to your financial need or the annual loan limit, whichever is less.
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QUICK TIP: Financial need is the cost of attendance determined by your school minus the expected family contribution.
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Unsubsidized Federal Stafford Loan
You may borrow the cost of attendance determined by your school minus any student financial aid you are eligible to receive or the annual loan limit, whichever is less.
Annual Loan Limits for Dependent Students for loans first disbursed on or after July 1, 2008
Borrower's Academic Level |
Base Amount (Sub + Unsub) |
Additional Unsub |
Total (Sub + Unsub) |
First-Year Undergraduate
- less than one academic year
- one academic year
|
$3,500 |
$2,000 |
prorated
$5,500
|
Second-Year Undergraduate
- less than one academic year
- one academic year
|
$4,500
|
$2,000
|
prorated
$6,500
|
Third-Year and Remaining Undergraduate
- less than one academic year
- one academic year
|
$5,500
|
$2,000
|
prorated
$7,500
|
Annual Loan Limits for Independent Students (or Dependent Students Whose Parents Have Been Denied a PLUS loan) for loans first disbursed on or after July 1, 2008
| Borrower's Academic Level |
Base Amount (Sub + Unsub)
|
Additional Unsub
|
Total (Sub + Unsub)
|
First-Year Undergraduate
- less than one academic year
- one academic year
|
$3,500
|
$6,000
|
prorated
$9,500
|
Second-Year Undergraduate
- less than one academic year
- one academic year
|
$4,500
|
$6,000
|
prorated $10,500
|
Third-Year and Remaining Undergraduate
- less than one academic year
- one academic year
|
$5,500
|
$7,000
|
prorated $12,500
|
| Graduate/Professional* |
$8,500
|
$12,000
|
$20,500
|
Stafford Loan Borrowing Limits
(cumulative for all years of school)
|
Subsidized Loan |
Unsubsidized Loan |
|
All Students |
Dependent Students |
Independent Students |
Borrower's Academic Level |
Limit |
Base Amount (sub + unsub) |
Additional unsub |
Limit (total sub + unsub) |
Base
Amount
(sub +
unsub) |
Additional Unsub |
Limit (total sub + unsub) |
Undergraduate |
$23,000 |
$23,000 |
$8,000 |
$31,000 |
$23,000 |
$34,500 |
$57,500 |
Graduate or Professional* |
$65,500 |
n/a |
n/a |
n/a |
$65,500 |
$73,000 |
$138,500 |
*Certain health profession students may be eligible for additional unsubsidized Federal Stafford loan amounts.
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