The dining dining table below programs the yearly and borrowing that is aggregate underneath the Direct Subsidized & Direct Unsubsidized Loan system. Observe that aggregate totals also consist of outstanding loans lent through the Federal that is former Family Loan Program (FFELP) which include Stafford Loans and Guaranteed figuratively speaking.
|Year||Dependent Undergraduate||Independent Undergraduate||Graduate|
|First 12 months Undergraduate||$5,500
No significantly more than $3,500 with this quantity might be in subsidized loans.
No significantly more than $3,500 of the quantity might take subsidized loans.
|Second 12 months Undergraduate||$6,500
No a lot more than $4,500 of the quantity could be in subsidized loans.
No a lot more than $4,500 with this quantity may take money key subsidized loans.
|Third and Beyond Undergraduate (each year)||$7,500
No significantly more than $5,500 of the quantity might be in subsidized loans.
No significantly more than $5,500 for this quantity may take subsidized loans.
|Graduate and Professional Degree (every year)||$20,500 Unsubsidized
(at the time of July 1, 2012, subsidized loans are not any longer offered to graduate and degree that is professional. )
|optimum Total Debt (aggregate loan limitations)||$31,000
No a lot more than $23,000 with this quantity could be in subsidized loans.
No a lot more than $23,000 of the quantity might maintain subsidized loans. These restrictions consist of any loans gotten being a student that is dependent.
No significantly more than $65,500 with this amount might maintain subsidized loans. The debt that is graduate includes loans gotten for undergraduate study.
In addition, effective for brand new borrowers on or after July 1, 2013, federal law limits the time of the time which is why a debtor may receive Direct Subsidized Loans, in aggregate, to 150percent of this posted duration of the pupil’s present academic system. Read more