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Stafford Loan Borrowing Limits and Interest Rates
Maximum Annual Borrowing Limits Established by the U.S. Department of Education
The table below shows the maximum amount a student can borrow each year, according to the student’s dependency status, FAFSA application information, and academic level. Student loans, in combination with other financial aid received for a single academic year, cannot exceed the cost of attendance.
|
Grade level |
Subsidized Federal Direct Stafford Loan |
Unsubsidized Federal Direct Stafford Loan |
TOTAL |
|
Yr 1 - Undergraduate |
$3,500 |
Dependent = $2,000 |
Dependent = $5,500 |
|
Yr 2 - Undergraduate |
$4,500 |
Dependent = $2,000 |
Dependent = $6,500 |
|
Yr 3 - Undergraduate |
$5,500 |
Dependent = $2,000 |
Dependent = $7,500 |
|
Aggregate Loan Limits |
$23,000 |
|
Dependent = $31,000 |
|
Graduate/Professional |
$8,500 |
$12,000 |
$20,500 |
|
Aggregate Loan Limits |
$65,500 |
|
Graduate/Professional = $138,500 |
Federal Direct Loan 2009 – 2010 Interest Rates
- Subsidized Federal Direct Stafford Loans for Undergraduates that are first disbursed on or after July 1, 2009 and before July 1, 2010, will have a fixed rate of 5.6%
- All other subsidized and unsubsidized Federal Direct Stafford Loans first disbursed on or after July 1, 2006, have a fixed rate of 6.8%
- Federal PLUS Loans (for dependent undergraduate students) first disbursed on or after July 1, 2006, have a fixed rate of 7.9%
- Federal Graduate PLUS Loans first disbursed on or after July 1, 2006 have a fixed rate of 7.9%
For further information, please visit the Direct Loan Servicing website.
