Annual Loan Limits for Undergraduate and Graduate/Professional Students
| Dependent Students (excluding students whose parents cannot borrow PLUS) |
Base amount Subsidized/Unsubsidized |
Additional Unsubsidized loan amount (Effective for loans first disbursed on or after July 1, 2008) |
| First-year undergraduate |
$3,500 |
$2,000 |
| Second-year undergraduate |
$4,500 |
$2,000 |
| Third-year and beyond undergraduate |
$5,500 |
$2,000 |
| |
| Independent Students (and dependent students whose parents cannot borrow PLUS) |
Base amount Subsidized/Unsubsidized |
Additional Unsubsidized loan amount (Effective for loans first disbursed on or after July 1, 2008) |
| First-year undergraduate |
$3,500 |
$6,000 |
| Second-year undergraduate |
$4,500 |
$6,000 |
| Third-year and beyond undergraduate |
$5,500 |
$7,000 |
| |
| |
Base amount Subsidized/Unsubsidized |
Additional Unsubsidized loan amount (Effective for loans first disbursed on or after July 1, 2008) |
| Graduate and Professional Students |
$8,500 |
$12,000 |
Aggregate Loan Limits
| |
Subsidized/Unsubsidized Aggregate (effective July 1, 2008) |
| Dependent Students (excluding students whose parents cannot borrow PLUS) |
$31,000 (maximum $23,000 Subsidized) |
| Independent Students (and dependent students whose parents cannot borrow PLUS) |
$57,500 (maximum $23,000 Subsidized) |
| Graduate and Professional Students |
$138,000 (maximum $65,500 Subsidized) |
