Stafford Loan Limits

"Stafford Loan Limits" submitted by SchoolGrantsfor Editorial Team and last updated on Monday 9th January 2012

Dependent undergraduate students:

May borrow up to $3,500 in Year 1, $4,500 in Year 2, and $5,500 in other undergraduate years.

Independent undergraduate students:

May borrow up to $7,500 in Year 1, $8,500 in Year 2, and $10,500 in other undergraduate years. These amounts include additional unsubsidized loan amounts.

Dependent undergraduates whose parents are denied a PLUS (Parent Loan for Undergraduate Students) may borrow additional UNSUBSIDIZED Stafford Loan funds. These annual loan limits are: $4,000 in Years 1 and 2, and $5,000 in other undergraduate years.

Graduate students:

May borrow up to $20,500.

PLUS loan eligibility is expanded to include PLUS loans for Graduate and Professional Students.

Cumulative amount:

Dependent undergraduate limit is $23,000; independent undergraduate limit is $46,000; graduate limit is $138,500.

Maximum Annual Loan Limits For Subsidized and Unsubsidized Direct and FFEL Stafford Loans

Year Dependent Undergraduate Student (except students whose parents are unable to obtain PLUS Loans) Independent Undergraduate Student (and dependent students whose parents are unable to obtain PLUS Loans) Graduate and Professional Degree Student
First Year $5,500—No more than $3,500 of this amount may be in subsidized loans. $9,500—No more than $3,500 of this amount may be in subsidized loans. $20,500—No more than $8,500 of this amount may be in subsidized loans.
Second Year $6,500—No more than $4,500 of this amount may be in subsidized loans. $10,500—No more than $4,500 of this amount may be in subsidized loans. $20,500—No more than $8,500 of this amount may be in subsidized loans.
Third and Beyond (each year) $7,500— No more than $5,500 of this amount may be in subsidized loans. $12,500—No more than $5,500 of this amount may be in subsidized loans. $20,500—No more than $8,500 of this amount may be in subsidized loans.
Maximum Total Debt From Stafford Loans When You Graduate (aggregate loan limits) $31,000—No more than $23,000 of this amount may be in subsidized loans. $57,500—No more than $23,000 of this amount may be in subsidized loans. $138,500—No more than $65,500 of this amount may be in subsidized loans. The graduate debt limit includes Stafford Loans received for undergraduate study.

Note to consider:

Further Read: 
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