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Loan Amounts & Limits

Federal Stafford Loan Limits - Effective for loans first disbursed
on or after July 1, 2007

Academic Year

Dependent Student

 

Independent Student

 

Sub & Unsubsidized

Sub & Unsubsidized

Additional Unsubsidized

Maximum Sub & Unsubsidized

First Year

$3,500

$3,500

$4,000

$7,500

Second Year

$4,500

$4,500

$4,000

$8,500

Third & Remaining Years

$5,500

$5,500

$5,000

$10,500

Graduate/Professional

----

$8,500

$12,000

$20,500

Aggregate Limits

 

 

 

 

Dependent Undergraduate

$23,000

----

----

$23,000

Independent Undergraduate

-----

$23,000

$23,000

$46,000

Graduate/Professional

-----

$65,500

$73,000

$138,500

Students taking coursework for state teaching accreditation have $7,000 annual loan limit.

Annual PLUS (parent loans for undergraduate students) Loan Limits

The total PLUS Loan amount borrowed by one or more parents (including non-custodial parent) may not exceed the student’s estimated cost of attendance minus other financial aid awarded for the period of enrollment.

Annual PLUS Loan Limits for Graduate Students

Graduate and professional degree students are now eligible to borrow PLUS loans. The amount borrowed may not exceed the student’s estimated cost of attendance minus other financial aid awarded for the period of enrollment.

They also must have applied for their annual loan maximum eligibility under the Federal Subsidized and Unsubsidized Stafford Loan Program before applying for a Graduate/Professional PLUS loan.


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