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Direct Loan Limits & Interest Rates

All interest rates are fixed (not variable) by the Federal Government.

Loan TypeInterest Rate (effective July 1, 2014)
Subsidized Stafford Loan – Undergraduate ONLY 4.66%
Unsubsidized Stafford Loan – Undergrad 4.66%
Unsubsidized Stafford Loan – Grad/Prof 6.21%
PLUS and GradPLUS 7.21%

Stafford Loan Limits: Annual


Dependent Undergraduate-DH & NursingAnnual Loan Limit (Per Academic Period)
Junior (3rd Year) and beyond $7,500 ($5,500 may be subsidized loans)
Independent Undergraduate-DH & NursingAnnual Loan Limit (Per Academic Period)
Junior (3rd Year) and beyond $12,500 ($5,500 may be subsidized loans)
Graduate StudentsAnnual Loan Limit (Per Academic Period)
BCD-GR, IBT, MSN $20,500
Professional StudentsAnnual Loan Limit (Per Academic Period)
DDS – Year 1 $42,722
Medical - Year 1 $42,722
Medical – Year 2 $40,500
Medical – Year 3 $47,167
Medical – Year 4 $44,944
DDS – Years 2-4 $47,167
COP – Years 1-2 $33,000
 COP - Year 3  $34,388
COP – Year 4 $35,777
SPH $33,000

Stafford Loan Limits: Lifetime (Aggregate)*


ClassificationAmount
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.

Last edited by: hellinger 07/31/2014


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