How much can I borrow through the Federal Direct Student Loan Program?
These are the annual loan limits:
| |
Dependent Undergraduate Student |
Independent Undergraduate Student |
| First Year |
$5,500 |
$9,500 |
| Second Year |
$6,500 |
$10,500 |
| Third Year & Beyond |
$7,500 |
$12,500 |
Graduate and Professional Degree Students may borrow up to $20,500 each year.
The maximum loan amounts you may receive are:
- Dependent students may borrow up to $31,000
- Independent students may borrow up to $57,500
- Students receiving graduate and professional degrees may borrow up to $138,500
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