Direct Loan Award Limits

Annual Loan Limits

Please note: Federal Direct Loan limits include any amount borrowed under the Federal Stafford Loan program.

The amount borrowed cannot exceed the cost of attendance and/or the following annual loan limits (effective 7/1/08):

Grade Level	Subsidized	Total Subsidized & Unsubsidized
Dependent:
Freshman	$3,500	$5,500
Sophomore	$4,500	$6,500
Junior	$5,500	$7,500
Senior	$5,500	$7,500
Independent:
Freshman	$3,500	$9,500
Sophomore	$4,500	$10,500
Junior	$5,500	$12,500
Senior	$5,500	$12,500
Graduate/Professional	$8.500*	$20,500

*Beginning with Fall 2012 Loans, Graduate and Professional students will no longer be able to borrow subsidized Direct Loans.  The maximum amount will remain $20,500 annually, however it will all be unsubsidized.  Please click here for more information. 

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Aggregate Loan Limits:

A student is eligible for a new loan maximum every academic year up to the following aggregate loan limits (effective 7/1/08):

Grade Level	Subsidized	Total Subsidized & Unsubsidized
Dependent Undergraduate	$23,000	$31,000
Independent Undergraduate	$23,000	$57,500
Graduate/Professional	$65,500	$138,500

 

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An academic year at UND is defined as the Fall, Spring and Summer semesters.

Dependent students whose parents cannot borrow a Federal PLUS loan are eligible to borrow up to the independent undergraduate limits. Students must provide documentation of the PLUS loan denial to the Student Financial Aid Office.

To get an idea of your monthly loan payments after you graduate, take a look at the repayment calculator.