Direct Subsidized & Unsubsidized Loans
Direct Subsidized Loan
The Direct Subsidized Loan is offered to undergraduate students with demonstrated financial need. The federal government pays the interest while the student is in school. An origination fee will be charged by the federal government of the total amount of the loan. For the most current interest rates and origination fees, please visit .
Direct Unsubsidized Loan
The Direct Unsubsidized Loan is offered to students without demonstrated need. The student borrower pays the interest while in school and during the grace period. Undergraduate students may receive a combination of both Subsidized and Unsubsidized loans depending on their eligibility of need versus no-need and their dependency status. An origination fee is charged by the federal government on the total amount of the loan. For the most current interest rates and origination fees, please visit .
Federal Direct Loan Limits
Dependent Undergraduates:
| Grade Level | Maximum Amount Per Year |
|---|---|
| Freshman | $5,500 (not to exceed $3,500 in Direct Subsidized Loans) |
| Sophomore | $6,500 (not to exceed $4,500 in Direct Subsidized Loans) |
| Junior & Senior | $7,500 (not to exceed $5,500 in Direct Subsidized Loans) |
| **The maximum that dependent undergraduates may borrow for ALL YEARS is $31,000 (not to exceed $23,000 in Direct Subsidized Loans). ** | |
Independent Undergraduates:
| Grade Level | Maximum Amount Per Year |
|---|---|
| Freshman | $9,500 (not to exceed $3,500 in Direct Subsidized Loans) |
| Sophomore | $10,500 (not to exceed $4,500 in Direct Subsidized Loans) |
| Junior & Senior | $12,500 (not to exceed $5,500 in Direct Subsidized Loans) |
| **The maximum that independent undergraduates may borrow for ALL YEARS is $57,500 (not to exceed $23,000 in Direct Subsidized Loans). ** | |
Graduate Students:
鈥� Graduate Students may borrow up to $20,500 per year.
(Direct Unsubsidized Loans only)
鈥� The maximum that all graduate students may borrow is $138,500.