2009-2010 Direct Loan Limits

Dependent Students

(Except students whose parents cannot borrow PLUS)

Base amount

Additional unsubsidized loan amount

 

 

Prior to July 1, 2008

Effective July 1, 2008

Freshman

$3,500

    0        

$2,000

Sophmore

$4,500

    0

$2,000

Junior or Senior

$5,500

    0

$2,000


Independent Undergrad Students and Dependent Students whose parents cannot borrow PLUS

Base amount

Additional unsubsidized loan amount

 

 

Prior to July 1, 2008

Effective July 1, 2008

Freshman

$3,500

$4,000

$6,000

Sophmore

$4,500

$4,000

$6,000

Junior or Senior

$5,500

$5,000

$7,000



Graduate and Professional Students

Base amount

Additional unsubsidized loan amount

 

$8,500

Unchanged at $12,000




Aggregate Loan Limits (Effective July 1, 2008)

Undergraduate Dependent Students: $31,000 (no more than $23,000 of which can be subsidized)

Undergraduate Independent Students: $57,500 (no more than $23,000 of which can be subsidized)

Graduate and Professional Students: currently $138,500 (no more than $65,500 of which can be subsidized