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Borrowing Restrictions

Thursday, July 9th, 2020

The dining dining dining table below programs the yearly and aggregate borrowing restrictions beneath the Direct Subsidized & Direct Unsubsidized Loan system. Observe that aggregate totals additionally consist of outstanding loans borrowed through the previous Federal Family Education Loan Program (FFELP) including Stafford Loans and Guaranteed figuratively speaking.

Dependent Undergraduate Independent Undergraduate Graduate
First Year Undergraduate $5,500
No more than $3,500 of this amount may be in subsidized loans year.
$9,500
No a lot more than $3,500 with this quantity may take subsidized loans.
2nd 12 months Undergraduate $6,500
No a lot more than $4,500 for this quantity might be in subsidized loans.
$10,500
No a lot more than $4,500 with this quantity may take subsidized loans.
Third and Beyond Undergraduate (each year) $7,500
No significantly more than $5,500 of the quantity can be in subsidized loans.
$12,500
No significantly more than $5,500 with this quantity might maintain subsidized loans.
Graduate and Professional Degree (every year) $20,500 Unsubsidized
(at the time of July 1, 2012, subsidized loans are not any longer open to graduate and degree that is professional. )
optimum Total financial obligation (aggregate loan restrictions) $31,000
No significantly more than $23,000 of the quantity might be in subsidized loans.
$57,500
No significantly more than $23,000 for this quantity may take subsidized loans. These restrictions consist of any loans gotten being a student that is dependent.
$138,500
No a lot more than $65,500 with this amount might maintain subsidized loans. The graduate financial obligation restriction includes loans gotten for undergraduate research. [more…]
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