Direct Loan Limits and Interest Rates

Loan interest rates are determined when the first disbursement of the loan is made. See this chart for subsidized and unsubsidized Stafford Loan interest rates.

Base Stafford Loans

Base Stafford Loan*

Annual Loan Limits

Freshman (0–29 credit hours)

$3,500

Sophomore (30+ credit hours)

$4,500

*Eligible students will be offered up to the Base Annual Loan Limit in a subsidized Stafford Loan. If you’re not eligible for a full or partial subsidized loan, you can use an unsubsidized loan for the remaining portion.

 

Additional Unsubsidized Stafford Loans

Dependent Students

Annual Loan Limits**

Freshman (0–29 credit hours)

$,2000

Sophomore (30+ credit hours)

$2,000

 

Independent Students and Dependent Students Whose Parent Was Denied a Plus Loan

Annual Loan Limits

Freshman (0–29 credit hours)

$6,000

Sophomore (30+ credit hours)

$6,000

**A student may not be eligible for the maximum Annual Loan Limits. All financial aid (grants, loans, scholarships and other financial assistance) cannot exceed the Cost of Attendance for the term(s) for which the loan is being requested.

Note: students must submit the Additional Stafford Request Form to request additional unsubsidized Stafford Loans.

 

Aggregate limits for Stafford Loans

School Status

Subsidized

Total (Subsidized and Unsubsidized)

Dependent Undergraduates

$23,000

$31,000

Independent Undergraduates and Dependent Students Whose Parents Cannot Get Plus Loans

$23,000

$57,500

You may not exceed the aggregate limits for Stafford Loans. Any Stafford Loans received while attending any college are included in the aggregate limits.