Annual Loan Limits

Undergraduate Subsidized Unsubsidized Combined
Freshman $3,500 $2,000 $5,500
Sophomore $4,500 $2,000 $6,500
Junior $5,500 $2,000 $7,500
Senior $5,500 $2,000 $7,500
Graduate $0 $20,500 $20,500

 

Interest Rates

Disbursed between July 1, 2018 and July 1, 2019

Loan Type Interest Rate
Direct Subsidized Loans and Direct Unsubsidized Loans
for Undergraduate Students
5.05%
Direct Unsubsidized Loans for Graduate and
Professional Students
6.60%
Direct PLUS Loans for Parents of Dependent
Undergraduate Students and for Graduate
or Professional Students
7.60%

 

Origination Fee

*Subject to change Oct 1

Loan Type Disbursal Date Loan Fee Percent
Direct Subsidized Loans and Direct Unsubsidized Loans On or after October 1, 2017 and before October 1, 2018
On or after October 1, 2018 and before October 1, 2019
1.066%
1.062%
Direct PLUS Loans (Parent and Graduate or Professional Students) On or after October 1, 2017 and before October 1, 2018
On or after October 1, 2018 and before October 1, 2019
4.264%
4.248%

 

Aggregate Loan Limits

Subsidized Unsubsidized Combined
Undergraduate (Dependent) $23,000 $8,000 $31,000
Undergraduate (Independent with PLUS Loan Denial) $23,000 $34,500 $57,500
Graduate $65,500** $73,000 $138,500

**Includes undergraduate Stafford/Direct Loans