Eligibility

Degree-seeking students who are enrolled at least half time may receive Federal Direct Loan funding as long as they meet the general eligibility requirements.

Borrowing Limits

Below is a chart of annual loan limits for Federal Direct Loans:

Annual Loan Limits for Federal Direct Loans

Year in School Subsidized/Unsubsidized
Base Amount a
Unsubsidized
Base Amount a
Additional
Eligibility b
First Year
(0 - 29 credits)
$3,500 $2,000 $4,000  
Second Year
(30 -59 credits)
$4,500 $2,000 $4,000  
Third Year
(60 - 89 credits)
$5,500 $2,000 $5,000  
Fourth Year
(90+ credits)
$5,500 $2,000 $5,000 c

a For all students. The additional $2,000 in unsubsidized funding was new in 2008-2009.

b For independent students and for dependent students whose parents are rejected for PLUS Loans.

c Nondegree-seeking students who are enrolled at least half time in a teacher certification program or in coursework required to be accepted into a graduate or professional program may borrow at the senior level as a fifth-year undergraduate. Students who think they may qualify for this exception should contact Student Financial Services.