Federal Direct Loan Annual Limits

Federal Direct Loan Annual Limits

Undergraduate pupils
scholar Classification Dependent pupils separate pupils (and dependent pupils whoever parents have already been declined a Federal Direct Parent PLUS Loan as a result of negative credit score)
Freshmen (0 to 30 undergraduate credit hours earned/transferred) $5,500 (a maximum of $3,500 with this quantity can be in subsidized loans. ) $9,500 (only $3,500 with this quantity might take subsidized loans. )
Sophomore (30 to 60 credit that is undergraduate earned/transferred) $6,500 (a maximum of $4,500 for this amount can be in subsidized loans. ) $10,500 (a maximum of $4,500 with this quantity might maintain subsidized loans. )
Junior/Senior (60 or higher credit that is undergraduate earned/transferred) $7,500 (a maximum of $5,500 of the amount can be in subsidized loans. ) $12,500 (a maximum of $5,500 of the quantity may take subsidized loans. )
official official Certification Students
$12,500 (a maximum of $5,500 with this quantity may maintain subsidized loans. )
Graduate Students
$20,500 every year in direct stafford that is unsubsidized.

Federal Direct Loan Aggregate Limits

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Aggregate Direct Loan Limit by scholar Type
Undergraduate, Dependent Students $31,000 (a maximum of $23,000 of the quantity may take subsidized loans. )
Undergraduate, separate pupils (and undergraduate, dependent pupils whoever moms and dads have already been declined a Federal Direct Parent PLUS Loan as a result of negative credit rating) $57,500 (a maximum of $23,000 with this quantity might be in subsidized loans. )
Graduate pupils $138,500 (a maximum of $65,500 for this amount may take subsidized loans. )

Federal Direct Parent PLUS Loan

The Federal Direct Parent Loan for Undergraduate pupils is really a loan that is federal credit-worthy moms and dads of reliant undergraduate pupils can borrow because of their child’s academic costs. Continue reading “Federal Direct Loan Annual Limits”