Annual loan maximums
Effective July 1, 2008.
Please note: You may borrow the maximum annual loan limit only once between fall 2008 and summer 2009. If you borrow the maximum annual loan limit during fall and spring, you will not be eligible for additional Direct Loan funds in summer term 2009.
FORD FEDERAL DIRECT LOAN ANNUAL MAXIMUMS
Dependent students
| GRADE LEVEL | Maximum Sub only |
Additional Unsub | Sub/Unsub Total |
|---|---|---|---|
| Undergraduates | |||
| 1st year 01 | $3,500 + | $2,000 = | $5,500 |
| 2nd year 02 | $4,500 + | $2,000 = | $6,500 |
| 3rd-5th year 03-05 | $5,500 + | $2,000 = | $7,500 |
| Aggregate maximum | $23,000 | $31,000 | |
| The subsidized portion of an undergraduate's loan aggregate may not exceed $23,000. | |||
Independent students
| GRADE LEVEL | Maximum Sub only |
Additional Unsub | Sub/Unsub Total |
|---|---|---|---|
| Undergraduate | |||
| 1st year 01 | $3,500 + | $6,000 = | $9,500 |
| 2nd year 02 | $4,500 + | $6,000 = | $10,500 |
| 3rd-5th year 03-05 | $5,500 + | $7,000 = | $12,500 |
| Aggregate maximum | $23,000 | $57,500 | |
| The subsidized portion of an undergraduate's loan aggregate may not exceed $23,000. | |||
| Graduate | |||
| 06 - 10 | $8,500 + | $12,000 = | $20,500 |
| Aggregate maximum | $65,500 | $138,500 | |
| The subsidized portion of a graduate's loan aggregate may not exceed $65,500. | |||