What are the federal student loan borrowing limits?

Freshman:

  • Stafford Loan – Dependent Students: $5,500
  • Stafford Loan – Independent Students: $9,500
  • Perkins Loan: $5,500
  • PLUS and GradPLUS: Up to the total cost of attendance, less aid received

Sophomore:

  • Stafford Loan– Dependent Students: $6,500
  • Stafford Loan– Independent Students: $10,500
  • Perkins Loan: $5,500
  • PLUS and GradPLUS: Up to the total cost of attendance, less aid received

Junior/Senior:

  • Stafford Loan – Dependent Students: $7,500
  • Stafford Loan – Independent Students: $12,500
  • Perkins Loan: $5,500
  • PLUS and GradPLUS: Up to the total cost of attendance, less aid received

Undergraduate Cumulative Limit:

  • Stafford Loan – Dependent Students: $31,000 (only $23,000 can be subsidized)
  • Stafford Loan – Independent Students: $57,500 (only $23,000 can be subsidized)
  • Perkins Loan: $22,000
  • PLUS and GradPLUS: Up to the total cost of attendance, less aid received

Graduate Students:

  • Stafford Loan– Dependent Students: $20,500*
  • Stafford Loan – Independent Students: $20,500*
  • Perkins Loan: $8,000
  • PLUS and GradPLUS: Up to the total cost of attendance, less aid received

Cumulative Limit (Undergraduate + Graduate):

  • Stafford Loan – Dependent Students: $65,500
  • Stafford Loan – Independent Students: $65,500
  • Perkins Loan: $60,000
  • PLUS and GradPLUS: Up to the total cost of attendance, less aid received

Looking for additional funding. Learn more about student loans offered by third parties to supplement federal financing.

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