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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
Federal Direct Stafford Loan

 Yr 1 - Undergraduate
0 – 29.9 credits

 $3,500

 Dependent = $2,000
Independent = $6,000

 Dependent = $5,500
Independent = $9,500

 Yr 2 - Undergraduate
30 – 59.9 credits

 $4,500

 Dependent = $2,000
Independent = $6,000

 Dependent = $6,500
Independent = $10,500

 Yr 3 - Undergraduate
60+ credits
or
Second degree Undergraduate

 $5,500

 Dependent = $2,000
Independent = $7,000

 Dependent = $7,500
Independent = $12,500

 Aggregate Loan Limits

 $23,000

 

 Dependent = $31,000
Independent = $57,500

 Graduate/Professional

 $8,500

 $12,000

 $20,500

 Aggregate Loan Limits

 $65,500

 

 Graduate/Professional = $138,500

 

For further information, please visit http://studentaid.ed.gov/types/loans/interest-rates

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