Loan Limits

How much you can borrow in a student loan depends on

• Cost of attendance,
• Academic level, and
• Dependency status.

Subsidized Federal Stafford Loan
You may borrow up to your financial need or the annual loan limit, whichever is less.

QUICK TIP: Financial need is the cost of attendance determined by your school minus the expected family contribution.

Unsubsidized Federal Stafford Loan
You may borrow the cost of attendance determined by your school minus any student financial aid you are eligible to receive or the annual loan limit, whichever is less.

Annual Loan Limits for Dependent Students

Borrower's Academic Level	Sub + Unsub
First-Year Undergraduate less than one academic year one academic year	prorated $3,500
Second-Year Undergraduate less than one academic year one academic year	prorated $4,500
Third-Year and Remaining Undergraduate less than one academic year one academic year	prorated $5,500

Annual Loan Limits for Independent Students

Borrower's Academic Level	Base Amount (Sub + Unsub)	Additional Unsub	Total (Sub + Unsub)
First-Year Undergraduate less than one academic year one academic year	$3,500	$4,000	prorated $7,500
Second-Year Undergraduate less than one academic year one academic year	$4,500	$4,000	prorated $8,500
Third-Year and Remaining Undergraduate less than one academic year one academic year	$5,500	$5,000	prorated $10,500
Graduate/Professional*	$8,500	$12,000	$20,500

Stafford Loan Borrowing Limits
(cumulative for all years of school)

	Subsidized Loan	Unsubsidized Loan
	All Students	Dependent Students	Independent Students
Borrower's Academic Level	Limit	Limit (Sub + Unsub.)	Base Amount (Sub + Unsub.)	Additional Unsub	Limit (Total Sub. + Unsub.)
Undergraduate	$23,000	$23,000	$23,000	$23,000	$46,000
Graduate or Professional*	$65,500	n/a	$65,500	$73,000	$138,500

*Certain health profession students may be eligible for additional unsubsidized Federal Stafford loan amounts.