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 $0 $20,500

Aggregate Loan Limits

Subsidized/Unsubsidized Aggregate (effective July1, 2008)
Independent Students & dependent students who cannot borrow PLUS

$57,500 (maximum $23,000 Subsidized)
Dependent Students (excluding students whose parents cannot borrow PLUS) $31,000 (maximum $23,000 Subsidized)
Graduate and Professional Students $138,000 (maximum $65,500 Subsidized)