Undergraduate Federal Direct Loan Limits

Annual Limits

Grade Level (credits)

Base Amount*

Additional Unsubsidized

Total (Independent)

Dependent Students

Independent Students

Freshmen (0-29)

$3,500

$2,000

$6,000

$5,500 ($9,500)

Sophomores (30-59)

$4,500

$2,000

$6,000

$6,500 ($10,500)

Juniors (60-89)

$5,500

$2,000

$7,000

$7,500 ($12,500)

Seniors (90+)

$5,500

$2,000

$7,000

$7,500 ($12,500)

Undergraduate students who do not qualify for need based assistance may be offered all or portion of their Base Amount in an Unsubsidized loan.

In addition to the annual limits, students are also subject to aggregate (total lifetime) limits.  The following are the aggregate limits for undergraduate students.  Note that loans borrowed for graduate programs are not included in the total undergraduate loans borrowed.

Undergraduate Aggregate Federal Loan Limits

Dependency Status

Maximum Subsidized

Total Limit

Dependent Undergraduate

$23,000

$31,000

Independent Undergraduate
and dependent students with PLUS denial

$23,000

$57,500

150% Direct Subsidized Loan Limits

New borrowers after July 1, 2013 are subject to limits on Subsidized loans that are relative to the length of the student’s academic program. For example a student in a 4 year bachelor’s degree program has a maximum of 6 years (150% of the program length) of subsidized loan eligibility. If after the 150% point in time, the student is still in school, the interest subsidy will end for all outstanding subsidized loans disbursed after July 1, 2013. Although repayment does not begin when a student is enrolled at least half time, the student will be responsible for interest accumulation from that point forward. For more information about this limit and its impacts please refer to the following: https://studentloans.gov/myDirectLoan/images/DirectSubsidizedLoanTimeLimitation.pdf.