Loan Limits
Annual and Aggregate Federal Loan Limits 2019–2020
Dependent Undergraduate Students Freshman | |||||
---|---|---|---|---|---|
Freshman 0 – 30 Credits |
Sophomore 31 – 62 Credits |
Junior 63 – 96 Credits |
Senior 97+ 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 Students with PLUS Denial | |||||
---|---|---|---|---|---|
Freshman 0 – 30 Credits |
Sophomore 31 – 62 Credits |
Junior 63 – 96 Credits |
Senior 97+ 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/Professional Students | |||||
---|---|---|---|---|---|
Unsubsidized Stafford * | $20,500 | $138,500 | |||
* Ineligible for Subsidized Stafford Loans first disbursed on or after July 1, 2012. |
Federal Direct Loan Origination Fees and Interest Rates | |||||
---|---|---|---|---|---|
2019-2020 Loan Type | Date of Loan | Loan Fee | Interest Rate for Loans First Disbursed On or After July 1, 2018, but Before July 1, 2019 | Interest Rate for Loans First Disbursed On or After July 1, 2019, but Before July 1, 2020 | |
Undergraduate- Direct Subsidized and Unsubsidized Stafford |
Before 10/1/19 | 1.062% | 5.05% | 4.53% | |
On or after 10/1/19 | 1.059% | ||||
Graduate- Direct Unsubsidized Loan |
Before 10/1/19 | 1.062% | 6.60% | 6.08% | |
On or after 10/1/19 | 1.059% | ||||
Direct PLUS Loans** (Parents, Grads, Professionals) |
Before 10/1/19 | 4.248% | 7.60% | 7.08% | |
On or after 10/1/19 | 4.236% | ||||
** Parent and Graduate PLUS Loan eligibility depends on credit approval. You may borrow up to the cost of attendance, minus any other aid received. |