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. Students who advance in grade level mid-year may be eligible for an increase in Direct Loan eligibility. Contact the Student Financial Services Office for additional information.
| Grade Leval | 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:
- Law students must be enrolled in a minimum of 6 credit hours that can be applied to the Law program requirements
- Graduate students must be enrolled in a minimum of 3 credit hours that can be applied to the Graduate program requirements starting in Summer 2019 (6 credit hours minimum prior to Summer 2019).
Important Fee Information
For Direct Subsidized and Unsubsidized Loans made to students where the first disbursement is made on or after October 1, 2020 and before October 1, 2024 the fees remain 1.057%. Loans first disbursed prior to October 1, 2019 have different loan fees.
For Direct PLUS Loans made to both parent borrowers and Graduate/Professional student borrowers where the first disbursement is made on or after October 1, 2020 and before
October 1, 2024 the fees remain 4.228%. Loans first disbursed prior to October 1, 2019 have different loan fees.
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. |