Dependent Undergraduate Students

Class Level Subsidized Loan Max Total MAX Sub / Unsub
Freshman $3,500 $5,500
Sophomore $4,500 $6,500
Junior $5,500 $7,500
Senior $5,500 $7,500
Total Aggregate Limit $23,000 $31,000


Independent Undergraduate Students1

Class Level Subsidized Loan Max Total Max Sub / Unsub
Freshman $3,500 $9,500
Sophomore $4,500 $10,500
Junior $5,500 $12,500
Senior $5,500 $12,500
Total Aggregate Limit $23,000 $57,500


Graduate Students2

The One Big Beautiful Bill Act (OB3 or OBBBA), sometimes also referred to as the "Working Families Tax Cuts" Act, which was signed into law on July 4, 2025, made some changes to loan limits for new federal loan borrowers. Legacy Provision: If a borrower has a Federal Direct Loan made before July 1, 2026, while enrolled in the same program of study, the current/previous loan limits continue to apply for 3 academic years or the remainder of their expected time to credential, whichever is less. 

Unsubsidized Loan Only Legacy Borrowers New borrowers after July 1, 2026
Graduate Annual Limit $20,500 $20,500
Total Aggregate Limit3 $138,500 $100,000 (for most graduate degrees4)

1 Answered "yes" to any of the Dependency Status questions on the FAFSA. These loans limits also apply to dependent undergraduate students whose parents were denied a PLUS loan due to adverse credit history
2 Masters, Doctoral or Specialist degree granting program
3 Includes amounts received as an undergraduate
4 Special Professional degree programs such as Ph.D Clinical Psychology which usually require at least 6 years of education and professional licensure may borrow up to $200,000 total aggregate maximum

Parent PLUS Loan Borrowers

The One Big Beautiful Bill Act (OB3 or OBBBA), sometimes also referred to as the "Working Families Tax Cuts" Act, which was signed into law on July 4, 2025, made some changes to loan limits for new federal loan borrowers. Legacy Provision: If the student or parent borrower has a Federal Direct Loan made before July 1, 2026, while the dependent student is enrolled in the same program of study, the parent can continue to borrow under current loan limits for 3 academic years or the remainder of their dependent student’s expected time to credential, whichever is less. 

Unsubsidized Loan Only Legacy Borrowers New borrowers after July 1, 2026
Parent Annual Limit no limit $20,000 (per dependent student)
Total Aggregate Limit no limit $65,000 (per dependent student)