There are annual loan maximums that students may borrow, depending on class level and dependency status. There are also cumulative maximum amounts students may borrow over the course of their years of study. The charts below display
the maximums available.
Class Level
Annual Maximum Dependent Student (Sub+Unsub)
Annual Maximum Independent Student (Sub+Unsub)
Maximum Subsidized (Dependent or Independent)
Freshman (0-44 credits)
$5,500
$9,500
$3,500
Sophomore (45-89 credits)
$6,500
$10,500
$4,500
Junior/Senior (90+ credits)
$7,500
$12,500
$5,500
Graduate (Master's, Ph.D.)
n/a
$20,500
$8,500
Student Status
Cumulative Maximum Subsidized Loan
Cumulative Maximum
Subsidized + Unsubsidized
Dependent undergraduate or Dependent post-baccalaureate
$23,000
$31,000
Independent undergraduate or Independent post-baccalaureate
$23,000
$57,500
Graduate student (Master's or Ph.D.)
$65,500 (includes amounts received as undergraduate and/or post-baccalaureate)
$138,500 (includes amounts received as undergraduate and/or post-baccalaureate)
