Answers:
Maximum annual limits for undergraduate and graduate students are monitored by the college based on federal regulations. Below is the loan limits chart for loans disbursed on or after July 1, 2007.
Annual Limits Subsidized
Total (Subsidized & Unsubsidized)
Dependent Undergraduates
First Year $3,500 $3,500
Second Year $4,500 $4,500
Third Year and higher $5,500 $5,500
Independent Undergraduates*
First Year $3,500 $7,500
Second Year $4,500 $8,500
Third Year and higher $5,500 $10,500
Graduate and Professional Students $8,500 $20,500
Aggregate Limits Subsidized Total (Subsidized & Unsubsidized)
Dependent Undergraduates
$23,000 $23,000
Independent Undergraduates* $23,000 $46,000
Graduate and Professional Students $65,500 $138,500
Additional Information on Loan Limits
Certain health professions students may qualify for increased loan limits depending on the program of study.
Annual loan limits for undergraduate students are prorated.
*Independent students may qualify for additional unsubsidized Stafford loan amounts. Dependent students may also qualify for additional amounts if determined eligible by the financial aid administrator or if the parents do not qualify for a Federal PLUS loan.
Preparatory and Teacher Certification students have increased loan limits.
Graduate or professional Stafford yearly loan limit is $20,500
No limit to the number of years, but there is a limit on the total amount you can borrow. Lifetime limit is $138,500
Exceptions may apply to certain graduate students.
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