Please note: You may borrow the maximum annual loan limit only once between fall 2007 and summer 2008. If you borrow the maximum annual loan limit during fall and spring, you will not be eligible for additional Direct Loan funds in summer term 2008.
FORD FEDERAL DIRECT LOAN ANNUAL MAXIMUMS
GRADE LEVEL
Dependent
Independent
Maximum Sub only
Additional Unsub
Sub/Unsub Total
Maximum Sub only
Additional Unsub
Sub/Unsub Total
Undergraduate
1st year 01
$3,500 +
$2,000 =
$5,500
$3,500 +
$6,000 =
$9,500
2nd year 02
$4,500 +
$2,000 =
$6,500
$4,500 +
$6,000 =
$10,500
3rd-5th year 03-05
$5,500 +
$2,000 =
$7,500
$5,500 +
$7,000 =
$12,500
Aggregate maximum
$23,000
$31,000
$23,000
$57,500
The subsidized portion of an undergraduate's loan aggregate may not exceed $23,000.
Graduate
06 - 10
N/A
$8,500 +
$12,000 =
$20,500
Aggregate maximum
$65,500
$138,500
The subsidized portion of a graduate's loan aggregate may not exceed $65,500.
