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Loan Limits

Maximum Federal Loan Amounts

Subsidized & Unsubsidized Loan Stafford Limits

Borrower's Academic Level	Annual Amount for Dependent	Annual Amount for Independent*
1st-year undergraduate	$5,500  (subsidized limit is $3,500)	$9,500  (subsidized limit is $3,500)
2nd-year undergraduate	$6,500  (subsidized limit is $4,500)	$10,500  (subsidized limit is $4,500)
3rd-year undergraduate & beyond	$7,500  (subsidized limit is $5,500)	$12,500  (subsidized limit is $5,500)
Graduate/Professional Student	N/A	$20,500 (subsidized limit is $8,500)
	Aggregate	Aggregate
Undergraduate Student	$31,000  (subsidized limit is $23,000)	$57,500  (subsidized limit is $23,000)
Graduate/Professional Student	N/A	$138,500 combined (subsidized limit is $65,500)

Note:  Maximums include the $2,000 Unsubsidized Stafford Loan increase for undergraduate students effective for loans first disbursed on or after July 1, 2008.
* If you are age 24 or older, a graduate or professional student, married, a student with legal dependent other than a spouse, a veteran of the U.Sl Armed Forces, currently serving on active duty in the U.S. Armed Forces for other than training purposes, or an orphan or ward of the court (or were until age 18), you are considered independent.