Federal Loan Limits
Undergraduate Loan Limits
Dependent Students Undergraduate Loan Limits| Dependent Students | Maximum Subsidized Amount | Additional Unsubsidized Amount |
|---|
| Freshman (0-29 completed credits) | $3,500 | $2,000 |
| Sophomore (30-59 completed credits) | $4,500 | $2,000 |
| Junior or Senior (60 or more completed Credits) | $5,500 | $2,000 |
Independent Students and Dependent Students for Undergraduate Loan Limits| Independent Students and Dependent Students (whose parents are denied PLUS) | Maximum Subsidized Amount | Additional Unsubsidized Amount |
|---|
| Freshman (0-29 completed credits) | $3,500 | $6,000 |
| Sophomore (30-59 completed credits) | $4,500 | $6,000 |
| Junior or Senior (60 or more completed Credits) | $5,500 | $7,000 |
Graduate Loan Limits| Graduate Loan Limits | Maximum Unsubsidized Amount |
|---|
| Graduate Students | $20,500 |
Aggregate Loan Limits| Student Status | Aggregate Loan Limits |
|---|
| Undergraduate Dependent Students | $31,000 (no more than $23,000 can be subsidized) |
| Undergraduate Independent Students | $57,500 (no more than $23,000 can be subsidized) |
| Graduate Students | $138,000 (no more than $65,000 can be subsidized |
Actual Loan Amounts
The actual loan funds that get credited to the student's account are the base amount of the loan minus the origination fees charged by the Department of Education. The Department charges an origination fee prior to sending the loan funds to the school. This fee is typically between 1% and 5% of the total amount of the loan.