Federal Loan Limits
Annual and Aggregate Federal Loan Limits 2019–2020
DEPENDENT UNDERGRADUATE STUDENTS FRESHMAN
| Freshman 0-30 Credits | Sophomore 31-62 Credits | Junior 63-96 Credits | Senior 97+ Credits | Aggregate Limit | |
| Stafford(Subsidized / Unsubsidized) | $3,500 | $4,500 | $5,500 | $5,500 | $23,000 |
| Additional Unsubsidized Stafford | $2,000 | $2,000 | $2,000 | $2,000 | $8,000 |
| Total Stafford | $5,500 | $6,500 | $7,500 | $7,500 | $31,000 |
INDEPENDENT UNDERGRADUATE/DEPENDENT UNDERGRADUATE STUDENTS WITH PLUS DENIAL
| Freshman 0-30 Credits | Sophomore 31-62 Credits | Junior 63-96 Credits | Senior 97+ Credits | Aggregate Limit | |
| Stafford(Subsidized / Unsubsidized) | $3,500 | $4,500 | $5,500 | $5,500 | $23,000 |
| Additional Unsubsidized Stafford | $6,000 | $6,000 | $7,000 | $7,000 | $34,500 |
| Total Stafford | $9,500 | $10,500 | $12,500 | $12,500 | $57,500 |
GRADUATE/PROFESSIONAL STUDENTS
| Unsubsidized Stafford * | $20,500 | $138,500 |
FEDERAL DIRECT LOAN ORIGINATION FEES AND INTEREST RATES
| 2019-2020 Loan Type | Date of Loan | Loan Fee | Interest Rate for Loans First Disbursed On or After July 1, 2018, but Before July 1, 2019 | Interest Rate for Loans First Disbursed On or After July 1, 2019, but Before July 1, 2020 |
| Undergraduate- Direct Subsidized and Unsubsidized Stafford | Before 10/1/19 On or after 10/1/19 | 1.062% 1.059% | 5.05% | 4.53% |
| Graduate- Direct Unsubsidized Loan | Before 10/1/19 On or after 10/1/19 | 1.062% 1.059% | 6.60% | 6.08% |
| Direct PLUS Loans** (Parents, Grads, Professionals) | Before 10/1/19 On or after 10/1/19 | 4.248% 4.236% | 7.60% | 7.08% |