Maximum Allowable Loan Amounts for Federal Stafford Loans

Students borrowing a Federal Stafford Loan, including subsidized and/or unsubsidized, are subject to maximum allowable loan limits. The following limits, of which you need to be aware, are:

  • Annual Maximum Loan Limit: Restricts the total amount of Stafford Loans that may be borrowed annually.
  • The combined total that you may borrow through Federal Stafford Subsidized and/or Unsubsidized Loans annually cannot exceed your Cost of Attendance (COA) minus other financial aid or the maximum annual amount allowable by law, whichever is less.
  • Aggregate Maximum Loan Limit: Restricts the amount of Stafford Loans that may be borrowed over a student's college career.

The maximum annual amount you can borrow in the form of a Federal Subsidized and/or Unsubsidized Loan(s) is determined by your class level and dependency status.

Annual Maximum Loan Limits

  Dependent Student Independent Student
Freshman:
0 - 29 credit hours
$5,500
(no more than $3,500 subsidized)
$9,500
(no more than $3,500 subsidized)
Sophomore:
30 - 59 credit hours
$6,500
(no more than $4,500 subsidized)
$10,500
(no more than $4,500 subsidized)
Junior/Senior:
60+ credit hours
7,500
(no more than $5,500 subsidized)
$12,500
(no more than $5,500 subsidized)
Graduate level N/A $20,500
(all unsubsidized beginning Fall 2012)

Aggregate Maximum Loan Limits

  Amount
Dependent Student $31,000 (no more than $23,000 subsidized)
Independent Student $57,500 (no more than $23,000 subsidized)
Graduate $138,500 (no more than $65,500 subsidized)

Higher Maximum Loan Limit for Independent Students

The higher maximum loan for independent students reflects a combination of Federal Subsidized and Unsubsidized Stafford Loans.