Borrowing Loan Limits
Annual loan limits are determined by class standing (freshman, sophomore, etc.) and dependency status
Below are federal limits that indicate how much a student may borrow during one academic year based on the student grade level. The annual loan amounts are as follows:
| Loan Borrowing Limits (Fall & Spring) | |||
|---|---|---|---|
| Dependent | Maximum Subsidized | Additional Unsubsidized | Combined Sub & Unsub |
| Freshman | $3,500 | $2,000 | $5,500 |
| Sophomore | $4,500 | $2,000 | $6,500 |
| Junior/Senior | $5,500 | $2,000 | $7,500 |
| Independent | Maximum Subsidized | Additional Unsubsidized | Combined Sub & Unsub |
| Freshman | $3,500 | $6,000 | $9,500 |
| Sophomore | $4,500 | $6,000 | $10,500 |
| Junior/Senior | $5,500 | $7,000 | $12,500 |
| Graduate | N/A | $20,500 | $20,500 |
The maximum total loan limits you may receive throughout your academic career is known as the aggregate loan limit. A student who exceeds the aggregate loan limit is ineligible to receive any Title IV funding. The total aggregate loan limits are as follows:
| Total Aggregate Limits | |||
|---|---|---|---|
| Maximum Subsidized | Additional Unsubsidized | Combined Sub & Unsub | |
| Dependent Undergraduate | $23,000 | $8,000 | $31,000 |
| Independent Undergraduate | $23,000 | $34,500 | $57,500 |
| Graduate (includes Undergraduate amount) | $65,500 | $73,000 | $138,500 |
| Loan Interest Rates & Fees | |||||
|---|---|---|---|---|---|
| Interest Rate Effective Date | Loan Fees First Disbursement Date | ||||
| Loan Type | 07/01/21 - 07/01/22 | 07/01/22 - 07/01/23 | On or after 10/01/18 and before 10/01/19 | On or after 10/01/19 and before 10/01/20 | On or after 10/01/20 and before 10/01/23 |
| Undergraduate Direct Loans (Subsidized & Unsubsidized) |
3.73% | 4.99% | 1.06% | 1.06% | 1.06% |
| Direct Parent PLUS Loan (Undergraduate Dependent Students) |
6.28% | 7.54% | 4.25% | 4.24% | 4.23% |
| Graduate Direct (Unsubsidized Loan) |
5.28% | 6.54% | 1.06% | 1.06% | 1.06% |
| Direct Graduate PLUS Loan | 6.28% | 7.54% | 4.25% | 4.24% | 4.23% |
Federal Direct Stafford Loans: Medical Student Annual and Aggregate Loan Limits
Effective for all periods of enrollment beginning after 7/1/2012 - Graduate and Professional Students Stafford Loan eligibility will be limited to Unsubsidized Stafford Loans only
| Federal Stafford Loans Limits | |||
|---|---|---|---|
| Academic Year | Annual Limit | Notes | |
| Medical Cohort 1 (10 month program) | $42,722 | Beginning with 2012-2013 - all Graduate Stafford loans will be Unsubsidized | |
| Medical Cohort 2 (9 month program) | $40,500 | Beginning with 2012-2013 - all Graduate Stafford loans will be Unsubsidized | |
| Medical Cohort 3 (11 month program) | $44,944 | Beginning with 2012-2013 - all Graduate Stafford loans will be Unsubsidized | |
| Medical Cohort 4 (11 month program) | $44,944 | Beginning with 2012-2013 - all Graduate Stafford loans will be Unsubsidized | |
| Aggregate Limits (Maximum total debt from Stafford Loans) | $224,000 | No more than $65,500 in Subsidized Stafford Loans | |