Federal Direct Loan Limits

Federal  Direct Loan Limits
Authorized by Ensuring Continued Access to
Student Loans Act of 2008 (H.R. 5715)
Effective for Federal Direct loans first disbursed on or after July 1, 2008

Academic Grade Level/Loan Type

Maximum Loan Amount

 

Dependent Student

Independent Student or Dependent Student Whose Parent is Ineligible for Federal Direct PLUS

First-Year Undergraduates (less than 30 credits earned)
Base Direct Loan eligibility (subsidized and unsubsidized)

$     3,500

$     3,500

Additional unsubsidized Direct Loan eligibility

$     2,000

$     6,000

 

Maximum First-Year Total

$     5,500

$     9,500

Second-Year Undergraduates (30-59 credits earned)

Base Direct Loan eligibility (subsidized and unsubsidized)

$     4,500

$     4,500

Additional unsubsidized Direct Loan eligibility

$     2,000

$     6,000

 

Maximum Second-Year Total

$     6,500

$    10,500

Third- and Subsequent-Years Undergraduates (60 or more credits earned)

Base Direct Loan eligibility (subsidized and unsubsidized)

$     5,500

$     5,500

Additional unsubsidized Direct Loan eligibility

$     2,000

$     7,000

 

Maximum Third- and Subsequent-Years Total

$     7,500

$    12,500

Certificate Students
Base Direct Loan eligibility (subsidized and unsubsidized)
$     5,500
$     5,500
Additional unsubsidized Direct Loan eligibility
$     2,000
$     7,000

 

Maximum Certificate Program Totals

$     7,500
$    12,500

Graduate and Professional Students

Base Direct Loan eligibility (subsidized and unsubsidized)

N/A

$     8,500

Additional unsubsidized Direct Loan eligibility

N/A

$    12,000

 

Maximum Graduate and Professional Total

N/A

$    20,500

 

 Aggregate Loan Limits

Dependent Undergraduate or Certificate Student

$31,000 (no more than $23,000 of which may be subsidized)

Independent Undergraduate or Certificate Student or Dependent Student Whose Parent Is Ineligible for Federal Direct PLUS

$57,500 (no more than $23,000 of which may be subsidized)

Graduate/Professional Student *

$138,500 (no more than $65,500 of which may be subsidized)