Loan Rates & Borrowing Limits

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