Stafford Loan Limits

Undergraduate

Annual Loan Limits- Stafford Loan
(Undergraduate)

Dependent Students

Limit for Subsidized Loans

Limit for Unsubsidized Loans

Combined Amount

First Year Undergraduate (Freshman)

$3,500

$2,000

$5,500

Second Year Undergraduate (Sophomore)

$4,500

$2,000

$6,500

Third Year and Beyond Undergraduate (Junior and Senior)

$5,500

$2,000

$7,500

 

 

 

 

Independent Students
(and dependent students whose parents were denied a PLUS loan)

Limit for Subsidized Loans

Limit for Unsubsidized Loans

Combined Amount

First Year Undergraduate (Freshman)

$3,500

$6,000

$9,500

Second Year Undergraduate (Sophomore)

$4,500

$6,000

$10,500

Third Year, Fourth Year (Junior and Senior) and Post Baccalaureate students

$5,500

$7,000

$12,500

 

Aggregate Lifetime Loan Limits - Stafford Loan
(Undergraduate)

 

Limit for Subsidized Loans

Limit for Unsubsidized Loans

Combined Amount

Dependent Undergraduate Students

$23,000

$8,000

$31,000

Independent Undergraduate Students (and dependent students whose parents were denied a PLUS loan)

$23,000

$34,500

$57,500

 

Graduate 

Annual Loan Limits- Stafford Loan

(Graduate and Professional Students)

 

Yearly limit for Unsubsidized Loans

Graduate and Professional Students (Master’s Program and above)

$20,500

 

 

Aggregate Lifetime Loan Limits- Stafford Loan

(Graduate and Professional Students)

 

Combined Amount – includes any subsidized loans previously borrowed and any loans borrowed as an Undergraduate

Graduate and Professional Students

$138,500 (No more than $65,000 of this aggregate amount may be in the form of subsidized loans)

 


Loan Deferments

Under the Federal Loan Program, you can defer (postpone) repayment if you are:

  • Enrolled in school at least half time
  • A graduate fellow
  • Participating in a rehabilitation program for the disabled
  • Unemployed or suffering from economic hardship (forberence)

Interest on subsidized Stafford Loans is paid by the Federal government during authorized deferment periods, but interest on unsubsidized Stafford Loans will accrue.