Financial Aid Office

Federal Direct Loan Limits & Aggregate Limits

FEDERAL SUBSIDIZED AND UNSUBSIDIZED
DIRECT LOAN LIMITS & ORIGINATION FEES

The maximum Direct Loan a student may borrow for an academic year is determined by the student’s dependency status (as determined on the FAFSA), the number of academic credits the student has earned at the time the loan is processed and other aid the student may be receiving.  

Grade Level

Dependent Student

Independent Student or
Dependent Student whose Parent is ineligible for PLUS loan

Freshman (0-23 credits)

$5,500  
(max $3,500 subsidized)

$9,500
(max $3500 subsidized)

Sophomore (24-53 credits)

$6,500  
(max $4500 subsidized)

$10,500
(max $4500 subsidized)

Junior (54-83 credits)

$7,500  
(max $5500 subsidized)

$12,500
(max $5500 subsidized)

Senior (84+ credits)

$7,500  
(max $5500 subsidized)

$12,500
(max $5500 subsidized)

Graduate & Law Programs

N/A - all grad & law students are considered independent

$20,500

NOTE:  To be eligible for Graduate/Law loan limits, Graduate/Law students must be enrolled in 6 credit hours that can be applied to the Graduate/Law program requirements

 
IMPORTANT FEE INFORMATION

 

***NEW*** Under the terms of the sequester, the loan fees for the Subsidized Direct Loan and Unsubsidized Direct Loan will increase from 1.072% to 1.073%.  Direct Loans first disbursed on or after October 1, 2014 but before October 1, 2015 are reduced by fees of 1.073%

***NEW***  Under the terms of the sequester, the loan fees for the Subsidized Direct Loan and Unsubsidized Direct Loan will increase from 1.051% to 1.072%.  Direct Loans first disbursed on or after December 1, 2013 but before October 1, 2014 are reduced by fees of 1.072%


***NEW*** Under the terms of the sequester, the loan fees for the Direct PLUS Loan will increase from 4.288% to 4.292%.   Direct PLUS Loans first disbursed on or after October 1, 2014 but before October 1, 2015 are reduced by fees of 4.292% for Direct PLUS Loans made to both parent borrowers and Graduate/Professional student borrowers.

***NEW*** Under the terms of the sequester, the loan fees for the Direct PLUS Loan will increase from 4.204% to 4.288%.   Direct PLUS Loans first disbursed on or after December 1, 2013 but before October 1, 2014 are reduced by fees of 4.288% for Direct PLUS Loans made to both parent borrowers and Graduate/Professional student borrowers.



AGGREGATE DIRECT LOAN LIMITS

Dependent Undergraduate Student

Independent Undergraduate Student or Dependent Student whose parent is ineligible for PLUS loan due to adverse credit

Graduate/Professional Student

$31,000 (no more than $23,000 can be subsidized)

$57,500 (no more than $23,000 can be subsidized)

$138,500 (no more than $65,500 can be subsidized) Graduate debt limit includes amount borrowed as an undergraduate student.