Federal Direct Loan Annual Limits

<br />Federal Direct Loan Annual Limits

Undergraduate Bachelor’s Degree pupils*

Junior/Senior (60 or even more credit that is undergraduate earned/transferred)

Pupil Classification Dependent Students separate pupils click reference (and reliant pupils whoever moms and dads have now been declined a Federal Direct Parent PLUS Loan because of credit that is adverse)
Freshman (0 to 29.9 undergraduate credit hours earned/transferred) $5,500 (a maximum of $3,500 for this quantity can be in subsidized loans. ) $9,500 (only $3,500 for this quantity might maintain subsidized loans. )
Sophomore (30 to 59.9 credit that is undergraduate earned/transferred) $6,500 (a maximum of $4,500 with this quantity might be in subsidized loans. ) $10,500 (a maximum of $4,500 with this quantity may take subsidized loans. )
$7,500 (a maximum of $5,500 for this quantity might take subsidized loans. ) $12,500 (a maximum of $5,500 with this quantity might maintain subsidized loans. )
Undergraduate Associate’s Degree Students*

Student Classification Dependent pupils separate Students (and reliant pupils whoever moms and dads have now been declined a Federal Direct Parent PLUS Loan as a result of negative credit score)
Freshman (0 to 29.9 undergraduate credit hours earned/transferred) $5,500 (only $3,500 of the quantity could be in subsidized loans. ) $9,500 (a maximum of $3,500 for this quantity might maintain subsidized loans. )
Sophomore (30 or higher credit that is undergraduate earned/transferred) $6,500 (a maximum of $4,500 with this quantity could be in subsidized loans. ) $10,500 (No more than $4,500 with this quantity might maintain subsidized loans. )

*Federal laws need Federal Direct Subsidized/Unsubsidized Loans be prorated whenever an undergraduate student’s staying amount of research is reduced than a complete year that is academic. Proration can limit the utmost loan amount that a pupil may borrow for the rest of the period of research. Loans are prorated in line with the true quantity of credit hours staying into the system of research.

Licensure and Recommendation Pupils

  • For reliant students, $5,500
  • For separate pupils, $12,500 (only $5,500 of the quantity may take subsidized loans. )

Graduate Pupils: $20,500

Boonshoft class of Medicine pupils: Up to $47,167

Class of pro Psychology and Master of Public Health Program pupils

  • For pupils going to 9 months: $33,000
  • For pupils going to 12 months: $37,167

Federal Direct Loan Aggregate Limits

Aggregate Direct Subsidized/Unsubsidized Loan Limit by Student Type

For reliant pupils, $31,000 (a maximum of $23,000 with this quantity might maintain subsidized loans. )

For separate students, $57,500 (only $23,000 of the quantity might maintain subsidized loans. )

Scholar Type Loan Limit
Undergraduate, Dependent Students $31,000 (only $23,000 with this quantity might take subsidized loans. )
Undergraduate, Independent pupils (and undergraduate, dependent pupils whoever moms and dads have now been declined a Federal Direct Parent PLUS Loan because of negative credit rating) $57,500 (a maximum of $23,000 with this quantity might be in subsidized loans. )
Licensure and Recommendation Pupils
Graduate pupils $138,500 (a maximum of $65,500 for this quantity may maintain subsidized loans. )
Boonshoft class of Medicine Students $224,000 (a maximum of $65,500 for this quantity might maintain subsidized loans. )
class of expert Psychology and Master of Public wellness Program Students $224,000 (only $65,500 for this quantity may maintain

Aside from the yearly and aggregate restrictions to the quantity of Federal Direct Subsidized/Unsubsidized Loans you can borrow, addititionally there is a restriction on how long it is possible to get a Federal Direct Subsidized Loan. That you can receive Federal Direct Subsidized Loans if you are a first-time borrower on or after July 1, 2013, there is a limit on the maximum period of time (measured in academic years. In the event that restriction relates to you, you may not get Federal Direct Subsidized Loans for more than 150 % associated with the posted amount of your system. This really is called your “maximum eligibility period”. As soon as you make use of your “maximum eligibility period” specific forms of enrollment may lead you to be in charge of the attention that accrues on your Federal Direct Subsidized Loans whenever U.S. Department of Education often could have compensated it. For more information, please visit www. Studentaid. Ed.gov. To learn more and certain examples about the 150 % Loan that is subsidized Limit see the Federal scholar help reality sheet.

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