Federal Loan Limits

Federal Loan Limits

Undergraduate Loan Limits

Dependent Students Undergraduate Loan Limits
Dependent Students Maximum Subsidized AmountAdditional Unsubsidized Amount
Freshman (0-29 completed credits)$3,500$2,000
Sophomore (30-59 completed credits)$4,500$2,000
Junior or Senior (60 or more completed Credits)$5,500$2,000

Independent Students and Dependent Students for Undergraduate Loan Limits
Independent Students and Dependent Students (whose parents are denied PLUS)Maximum Subsidized AmountAdditional Unsubsidized Amount
Freshman (0-29 completed credits)$3,500$6,000
Sophomore (30-59 completed credits)$4,500$6,000
Junior or Senior (60 or more completed Credits)$5,500$7,000

Graduate Loan Limits
Graduate Loan LimitsMaximum Unsubsidized Amount
Graduate Students$20,500


Aggregate Loan Limits
Student Status Aggregate Loan Limits
Undergraduate Dependent Students$31,000 (no more than $23,000 can be subsidized)
Undergraduate Independent Students$57,500 (no more than $23,000 can be subsidized)
Graduate Students$138,000 (no more than $65,000 can be subsidized

 

ACTUAL LOAN AMOUNTS

The actual loan funds that get credited to the student's account are the base amount of the loan minus the origination fees charged by the Department of Education. The Department charges an origination fee prior to sending the loan funds to the school. This fee is typically between 1% and 3% of the total amount of the loan.