If the total loan amount you receive over the course of your education reaches the aggregate loan limit, you are not eligible to receive additional loans. However, if you repay some of your loans to bring your outstanding loan debt below the aggregate loan limit, you could then borrow again, up to the amount of your remaining eligibility under the aggregate loan limit.
Aggregate Limits for Subsidized and Unsubsidized Loans
| LABLE NEEDED | Subsidized Loan Limit | Unsubsidized Loan Limit | Combined Loan Limits |
|---|---|---|---|
| Dependent | $23,000 | $8,000 | $31,000 |
| Independent | $23,000 | $34,500 | $57,500 |
Annual Loan Limits
| Academic Level | Dependent | Independent |
|---|---|---|
| First Year Undergraduate | $5,500 Annual Loan Limit ($3,500 max in subsidized) | $9,500 Annual Loan Limit ($3,500 max in subsidized) |
| Second Year Undergraduate | $6,500 Annual Loan Limit ($4,500 max in subsidized) | $10,500 Annual Loan Limit ($4,500 max in subsidized) |
| Third Year and Beyond Undergraduate Annual Loan Limit (Bachelor Students Only) | $7,500 Annual Loan Limit ($5,500 max in subsidized) | $12,500 Annual Loan Limit ($5,500 max in subsidized) |