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Direct Loan Limits and Interest Rate Information

Annual and Aggregate Limits for Federal Direct Subsidized and Unsubsidized Loans

Year

Dependent Students (except students whose parents are unable to obtain PLUS Loans)

Independent Students (dependent undergraduate students whose parents are unable to obtain PLUS Loans)

First-Year Undergraduate Annual Loan Limit

(0-29 Earned Hours)

$5,500-No more than $3,500 of this amount may be in subsidized loans.

$9,500- No more than $3,500 of this amount may be in subsidized loans

Second-Year Undergraduate Annual Loan Limit

(30-59 Earned Hours)

$6,500-No more than $4,500 of this amount may be in subsidized loans.

$10,500- No more than $4,500 of this amount may be in subsidized loans.

Third-Year Undergraduate Annual Loan Limit

(60-89 Earned Hours)

Fourth-Year and Beyond

(90 + Earned Hours )

$7,500-No more than $5,500 of this amount may be in subsidized loans.

$12,500-No more than $5,500 of this amount may be in subsidized loans.

Graduate or Professional Annual Loan Limits

Not Applicable (all graduate and professional students are considered independent)

$20,500 Unsubsidized Loans only

(If student borrowed as an undergrad during the aid year, loan amount is included in the $20,500 borrowing limit)

Subsidized & Aggregate Unsubsidized Loan Limit

$31,000- No more than $23,000 of this amount may be in subsidized loans.

$57,500 for undergraduates-No more than $23,000 may be in subsidized loans.

$138,500-The graduate aggregate limit includes all federal loans received for undergraduate study.

Interest Rates for Direct Subsidized and Unsubsidized Loan

Loan Type

Borrower Type

Loans first disbursed on or after 07/01/21 and before 07/01/22

Subsidized & Unsubsidized

Undergraduate

3.73%

Unsubsidized

Graduate or Professional

5.28%

Direct PLUS

Parent, Graduate

6.28%