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.