Borrowing Limitations

Borrowing Limitations

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

Year Dependent Undergraduate Independent Undergraduate Graduate
First Year Undergraduate $5,500
No a lot more than $3,500 with this quantity might be in subsidized loans.
$9,500
No more than $3,500 of the quantity might take subsidized loans.
Second undergraduate $6,500
No more than $4,500 of this amount may be in subsidized loans year.
$10,500
No a lot more than $4,500 with this amount may maintain subsidized loans.
Third and Beyond Undergraduate (each year) $7,500
No significantly more than $5,500 of the quantity might be in subsidized loans.
$12,500
No a lot more than $5,500 of the quantity might find more information take 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
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