Loan Limits

Annual and Aggregate Federal Direct Loan Limits 2009 - 2010

Dependent Undergraduate
	Freshman 0-30 Credits	Sophomore 31-62 Credits	Junior 63-96 Credits	Senior 96+ Credits	Aggregate Limit
Stafford (Subsidized / Unsubsidized)	$3,500	$4,500	$5,500	$5,500	$23,000
Additional Unsubsidized Stafford	$2,000	$2,000	$2,000	$2,000	$8,000
Total Stafford	$5,500	$6,500	$7,500	$7,500	$31,000
Independent Undergraduate/Dependent Undergraduate with PLUS Denial
	Freshman 0-30 Credits	Sophomore 31-62 Credits	Junior 63-96 Credits	Senior 96+ Credits	Aggregate Limit
Stafford (Subsidized / Unsubsidized)	$3,500	$4,500	$5,500	$5,500	$23,000
Additional Unsubsidized Stafford	$6,000	$6,000	$7,000	$7,000	$34,500
Total Stafford	$9,500	$10,500	$12,500	$12,500	$57,500
Graduate
	Graduate Limit	Aggregate Limit
Stafford (Subsidized / Unsubsidized)	$8,500	$65,500
Additional Unsubsidized Stafford	$12,000	$73,000
Total Stafford	$20,500	$138,500
Federal Direct Loan Interest Rates and Origination Fees
	Origination Fee	Instant Rebate	Net Fee	Interest Rate
Undergraduate Subsidized Stafford	1.5%	1%	0.5%	5.6%
Undergraduate Unsubsidized Stafford	1.5%	1%	0.5%	6.8%
Graduate Subsidized/Unsubsidized Stafford	1.5%	1%	0.5%	6.8%
Parent PLUS	4.0%	1.5%	2.5%	7.9%
Graduate PLUS	4.0%	1.5%	2.5%	7.9%

Federal Perkins Loan Program

Freshman
0-30 Credits

Sophomore
31-62 Credits

Junior
63-96 Credits

Senior
96+ Credits

Aggregate Limit

Interest Rates

Perkins

Up to $5,500 per academic year

$11,000 aggregate 0-62 credits

$27,500