Federal Direct Loan Program Maximums

The U.S. Department of Education sets borrowing limits, both annual and lifetime, for the Federal Direct Loan program. The following chart provides annual and aggregate limits.


Year

Dependent Undergraduate

Independent Undergraduate*

Graduate and Professional

Freshman

0-24 credits earned

$5,500—No more than $3,500 of this amount may be in subsidized loans

$9,500—No more than $3,500 of this amount may be in subsidized loans.

$20,500

Sophomore

25-54 credits earned

$6,500—No more than $4,500 of this amount may be in subsidized loans.

$10,500—No more than $4,500 of this amount may be in subsidized loans.

 

Junior & Senior

55+ credits earned

$7,500—No more than $5,500 of this amount may be in subsidized loans.

$12,500—No more than $5,500 of this amount may be in subsidized loans.

 

Aggregate Loan Limits (maximum loan debt) **

$31,000—No more than $23,000 of this amount may be in subsidized loans.

$57,500—No more than $23,000 of this amount may be in subsidized loans.

$138,500—No more than $65,500 of this amount may be in subsidized loans.

* These limits also apply to dependent students whose parents are unable to borrow under the PLUS program.
** The graduate aggregate loan limit includes loans borrowed as an undergraduate.



Page last modified October 7, 2016