Direct Loan Limits and Interest Rates
Interest Rates
All rates are fixed (not variable) by the Federal Government.
|
Loan Type |
Interest Rate |
|
Subsidized Stafford Loan – Undergraduate ONLY |
3.4% on or after July 1, 2011 and before July 1, 2013 |
|
Unsubsidized Stafford Loan – Undergrad/Grad/Prof |
6.8% |
|
PLUS and GradPLUS |
7.9% |
Stafford Loan Limits: Annual
|
Dependent Undergraduate-DH & Nursing |
Annual Loan Limit (Per Academic Period) |
|
Junior (3rd Year) and Beyond |
$7,500 ($5,500 may be subsidized loans) |
|
Independent Undergraduate-DH & Nursing |
Annual Loan Limit (Per Academic Period) |
|
Junior (3rd Year) and Beyond |
$12,500 ($5,500 may be subsidized loans) |
|
Graduate Students |
Annual Loan Limit (Per Academic Period) |
|
BCD-GR |
$20,500 |
|
Professional Students |
Annual Loan Limit (Per Academic Period) |
|
DDS – Year 1 & 2 |
$42,722 |
|
Medical - Year 1 |
$42,722 |
|
Medical – Year 2 |
$40,500 |
|
Medical – Year 3 |
$47,167 |
|
Medical – Year 4 |
$44,944 |
|
DDS – Year 3 & 4 |
$47,167 |
|
COP – Years 1-3 |
$34,388 |
|
COP – Year 4 |
$35,777 |
|
SRPH, SGS, & IBT |
$33,000 |
Stafford Loan Limits: Lifetime (Aggregate)*
|
Classification |
Amount |
|
Undergraduate Dependent |
$31,000 ($23,000 may be subsidized) |
|
Undergraduate Independent |
$57,500 ($23,000 may be subsidized) |
|
Post-Graduate |
$138,500 |
|
Graduate & Professional DDS/Med/COP |
$224,000 |
*Lifetime limits include both Direct & FFELP Stafford loans received during undergraduate study.
