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%