Annual Limits for Sub/Unsub Loans
| Dependent Undergraduates (excluding dependent students whose parents can`t get PLUS) | Subsidized | Total (subsidized & unsubsidized) |
| First Year | $3,500 | $5,500 |
| Second Year | $4,500 | $6,500 |
| Independent Undergraduates & Dependent Students whose parents can`t get PLUS | ||
| First Year | $3,500 | $9,500 |
| Second Year | $4,500 | $10,500 |
| Aggregate Limits for Sub/Unsub Loans | Subsidized | Total (subsidized & unsubsidized) |
| Dependent Undergraduates (excluding dependent students whose parents can`t get PLUS) | $23,000 | $31,000 |
| Independent Undergraduates & Dependent Students whose parents can`t get PLUS | $23,000 | $57,500 |
2019-2020 Current Interest Rates
| Loan Type Fixed Interest Rate Direct Subsidized Loans and Direct Unsubsidized Loans for Undergraduate Students 4.53% Direct PLUS Loans for Parents of Dependent Undergraduate Students and for Graduate or Professional Students 7.08% |