The total combined amounts a student may borrow in federal loans may not exceed the annual or aggregate loan limits.
The amount of the subsidized loan combined with other need-based aid cannot exceed the student’s financial need. The Expected Family Contribution (EFC) is based on information collected from the Free Application for Federal Student Aid (FAFSA). The unsubsidized loan is a non-need based aid and the amount combined with other aid cannot exceed the total cost of attendance.
A dependent student whose parent has been denied a PLUS loan during the current award year may be eligible to receive and additional Federal Direct Stafford Unsubsidized loan with proof of PLUS loan denial. The denial letter is only valid for one award year.
Annual Maximum and Aggregate Loan Limits
| Undergraduate Freshman 01 – 31 credits earned | Undergraduate Sophomore 32 – 62 credits earned | Undergraduate Junior/Senior 63 – 123 credits earned | Aggregate Limit Undergrad | Graduate Masters Degree | Aggregate Limit Undergraduate & Graduate | |
|---|---|---|---|---|---|---|
| Maximum subsidized | $3,500 | $4,500 | $5,500 | $23,000 | $65,500 | |
| Dependent | $5,500 | $6,500 | $7,500 | $31,000 | ||
| Independent | $9,500 | $10,500 | $12,500 | $57,500 | $20,500 | $138,500 |
| Graduate PLUS | Cost of attendance minus other financial aid |
If you will be finished with your program this year and are not enrolled for three trimesters, your loans(s) will be prorated according to federal regulations based on the number of credits you will take for the year. (Example: 15 credits to take, divided by 36 credits in our award year definition, times $4,500 (amount eligible to borrow) equals $1,875 maximum loan that you can receive.)
