Federal Direct Student Loan Limits

Federal  Direct Loan LimitsAuthorized by Ensuring Continued Access to Student Loans Act of 2008 (H.R. 5715)

Effective for Federal Direct loans first disbursed on or after July 1, 2008

Academic Grade Level/Lloan Type Maximum Loan Amount

 

First-Year Undergraduates Dependent Student Independent Student or Dependent Student Whose Parent is Ineligible for Federal Direct PLUS
Base Direct Loan eligibility (subsidized and unsubsidized)  $3,500  $3,500
Additional unsubsidized Direct Loan eligibility $2,000  $6,000
Maximum First-Year Total $5,500 $9,500
Second-Year Undergraduates
Base Direct Loan eligibility (subsidized and unsubsidized) $4,500 $4,500
Additional unsubsidized Direct Loan eligibility $2,000 $6,000
Maximum Second-Year Total

 

$6,500 $10,500
Third- and Subsequents-Years Undergraduates
Base Direct Loan eligibility (subsidized and unsubsidized)  $5,500  $5,500
Additional unsubsidized Direct Loan eligibility  $2,000  $7,000
Maximum Third- and Subsequent-Years Total $7,500 $12,500
Frost School Certificates:               TESOL (Must enroll minimum of 6 credit hours for eligibility.)
Base Direct Loan eligibility (subsidized and unsubsidized)    $3,500             $3,500
Additional unsubsidized Direct Loan eligibility    $2,000             $6,000
Maximum Frost School Certificates Total

 

$5,500 $9.500
Graduate and Professional Students
Base Direct Loan eligibility N/A $20,500
 Maximum Graduate and Professional Total

 

N/A $20,500
 Aggregate Loan Limits

 

Dependent Undergraduate Student $31,000 (no more than $23,000 of which may be subsidized)
Independent Undergraduate Student or Dependent Student Whose Parent Is Ineligible for Federal Direct PLUS $57,500 (no more than $23,000 of which may be subsidized)
Graduate/Professional Student * $138,500 (no more than $65,500 of which may be subsidized)