Annual & Aggregate Loan Limit

Loan Limits by Grade Level
Grade Level	Earned Credits	Dependent Undergraduate Student	Independent Student
Freshman	0-29	$5,500 - a maximum of $3,500 can be subsidized	$9,500 - a maximum of $3,500 can be subsidized
Sophomore	30-59	$6,500 - a maximum of $4,500 can be subsidized	$10,500 - a maximum of $4,500 can be subsidized
Junior	60-89	$7,500 - a maximum of $5,500 can be subsidized	$12,500 - a maximum of $5,500 can be subsidized
Senior	90+	$7,500 - a maximum of $5,500 can be subsidized	$12,500 - a maximum of $5,500 can be subsidized
Graduate	N/A	N/A	$20,500
Subsidized and Unsubsidized Aggregate Loan Limit	N/A	$31,000 - no more than $23,000 of this amount may be in subsidized loans	$57,500 for undergraduates - no more than $23,000 of this amount may be in subsidized loans. $138,500 for graduate or professional students - no more than $65,000 of this amount may be in subsidized loans (the graduate aggregate limit includes all federal loans received for undergraduate study).

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