Federal Loan Aggregate Limits

The following chart shows the annual and aggregate limits for subsidized and unsubsidized loans. Additional information available on the U.S. Department of Education Website. 

 

Dependent Students Annual Limits
Borrower's Academic Level
Total Sub & Unsub
Total Additional Unsub
Total Combined Sub & Unsub
Freshman (0-29 units)
$3,500
$2,000
$5,500
Sophomore (30-59units)
$4,500
$2,000
$6,500
Junior or Senior (60+ units)
$5,500
$2,000
$7,500
2nd Bachelor’s Degree
$5,500
$2,000
$7,500
Teaching Credential Students
$5,500
$2,000
$7,500
Independent Students Annual Limits
Borrower's Academic Level
Total Sub & Unsub
Total Additional Unsub
Total Combined Sub & Unsub
Freshman (0-29units)
$3,500
$6,000
$9,500
Sophomore (30-59units)
$4,500
$6,000
$10,500
Junior or Senior (60+ units)
$5,500
$7,000
$12,500
2nd Bachelor’s Degree
$5,500
$7,000
$12,500
Teaching Credential Students
$5,500
$7,000
$12,500

Students taking “Pre-Requisites”

   - Conditionally Classified Graduates
   - Unclassified Post-Baccalaureate


* 12month funding limit or 1 year only

$5,500
$7,000
$12,500
Graduate / Professional *
N/A
$20,500
$20,500
Loan Aggregate Loan Limits
Dependency Status
Sub
Maximum Sub and Unsub
Dependent
$23,000
$31,000
Independent
$23,000
$57,500
Graduate / Professional
$65,500
$138,500

 

Fall Graduation and Federal Loan Eligibility

Federal regulations state that undergraduate students enrolled in a program that is one academic year or more in length but is in a remaining period of study shorter than a full academic year, their Federal Direct Loan amount must be prorated.

Students who will graduate fall term will have their Federal Direct Loan prorated in their final semester. Proration determines the maximum loan amount a student may borrow for the final term.

The Federal Direct Loan award in the final term assumes current enrolled units (excluding 0-5 units) for that term. The Federal Direct Loan for the graduating senior is subject to add/drop unit adjustments after loan disclosure (US Department of Education approval).  The student is responsible for immediate notification to the financial aid office if there are changes in their graduation plans.

The proration is done by a formula based on your one-term enrollment, the number of credit hours you are registered in for that term and the federal Direct Student Loan annual loan limit. A sample of the formula is as follows:

Example of dependent student proration calculation (12 units/credits):

12 credits enrolled ÷ 24 academic year credits                 x 5500 subsidized loan              = $2750

12 credits enrolled ÷ 24 academic year credits                 x 2000 unsubsidized loan              = $1000

 

Example of independent student proration calculation (12 units/credits):

12 credits enrolled ÷ 24 academic year credits              x 5500 subsidized loan              = $2750

12 credits enrolled ÷ 24 academic year credits              x 7000 unsubsidized loan              = $3500

 

Example of dependent student proration calculation (6 units/credits):

  6 credits enrolled ÷ 24 academic year credits                 x 5500 subsidized loan              = $1375

6 credits enrolled ÷ 24 academic year credits                 x 2000 unsubsidized loan              = $500

 

Example of independent student proration calculation (6 units/credits):

6 credits enrolled ÷ 24 academic year credits                 x 5500 subsidized loan              = $1375

6 credits enrolled ÷ 24 academic year credits                 x 7000 unsubsidized loan              = $1750