Maximum Annual Loan Limits Chart
Federal Subsidized and Unsubsidized Direct Stafford Loans
|Dependent Undergraduate Student||Independent Undergraduate Student||Graduate/Professional Student|
|1st Year||$3,500 subsidized $2,000 unsubsidized||$9,500—No more than $3,500 of this amount may be in subsidized loans.||$20,500—No more than $8,500 of this amount may be in subsidized loans.|
|2nd Year||$4,500 subsidized $2,000 unsubsidized||$10,500—No more than $4,500 of this amount may be in subsidized loans.|
|3rd and 4th Years (each)||$5,500 subsidized $2,000 unsubsidized||$12,500—No more than $5,500 of this amount may be in subsidized loans.|
|Maximum Total Debt from Stafford Loans When You Graduate||$31,000 No more than $23,000 of which can be subsidized||$57,500 No more than $23,000 of this amount may be in subsidized loans.||$138,500—No more than $65,500 of this amount may be in subsidized loans.
The graduate debt limit includes loans received for undergraduate study.
The student does not have to pay the interest on the subsidized loan until 6 months after the student graduates, withdraws, or drops below half-time. Students must pay the interest on the unsubsidized loans immediately unless the student chooses to capitalize the interest payments. Capitalizing the interest increases the amount you will eventually have to repay.
Interest Rate Table
Fixed Stafford Loan rates disbursed on or after July 1, 2011 through June 30, 2013
- Undergraduate Subsidized Loans - 3.4%
- Graduate Subsidized and all Unsubsidized Loans 6.8%
The subsidized loan cannot be more than the cost of education at one school, minus Expected Family Contribution and other financial aid received. The student’s eligibility equals the amount that remains or up to the maximum dollar figure posted in the loan application packet. The unsubsidized loans cannot be more than the cost of education at one school, minus other financial aid or up to the maximum dollar figure posted in the loan application.
If the student’s enrollment status changes, the loan amount may have to be recalculated. Information about deferments and consolidation of loans is available in the Office of Financial Aid or on the Texas Guaranteed Student Loan Corporation's website (http://www.tgslc.org/) or the Direct Loan Servicing website.