Student Loan Limits – How Much Should You Borrow?

Limits help to reduce abuse. Therefore, student loans can be abused if not properly guided. Student loan limits are determined by factors such as type of loan, cost of attendance of your school, and year of stay in school.Student Loan Limits – How Much Should You Borrow?

Often, the maximum amount is not what you should borrow. This is because; one needs to cut his coat according to his size. Thus, the loan amount is what you can comfortably pay back and still falls in between the loan limits. In addition, you should be able to borrow what you can easily pay back even when the interest is high. With a comfortable interest rate, repayment is made easier.


  • Firstly, There are different types of loans which include Federal loans such as federal direct subsidized loans, federal direct unsubsidized loans, and Federal Direct PLUS loans. Also, another type of loan is private loans.
  • Also,The way you qualify for a specific loan is different from what qualifies you on another type of loan.
  • Lastly, Loan limits depend on the type of loan, cost of attendance, and length of stay in school.Student Loan Limits

Student Loan Limits: How Much in Student Loans You Can Get › blog › student-loan-limits

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How much should you borrow? — Dependent undergraduate students can take out $5,500 to $7,500 in federal student loans each year in they’re in school, up to

How much money can I borrow in federal student loans? › help-center › answers › article

If you are an undergraduate, the maximum amount of Direct Subsidized and Direct Unsubsidized Loans you can borrow each academic year is between $5,500 and

Subsidized and Unsubsidized Loans | Federal Student Aid › understand-aid › types › subsidi…

How much can I borrow? Your school determines the loan type(s), if any, and the actual loan amount you are eligible to receive each academic year

Student Loan Limits: How Much Can You Borrow? – Forbes › advisor › student-loan-limits

Based on these criteria, undergraduates can borrow a maximum of $9,500 to $12,500 annually and $57,500 total. Graduate students can borrow up to …

How Much Can I borrow?

Earlier on we mentioned that loan limits have factors that are used to determine it. Thus, types of loans are part of them and it will be detailed below. The following are federal student loans:

  • First,Direct Subsidized loan
  • Secondly, Direct Unsubsidized Loan, and
  • Thirdly, Direct PLUS.
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Federal Direct Student loans

We have a table that contains the loan limits for federal direct student loans. Thus, the maximum amount you can borrow on Direct Subsidized and Unsubsidized student loans and other direct student loans.

If you must borrow every year, the status of your parent’s credit score shows some level of eligibility.  Thus, direct PLUS loans will require you to measure up to these requirements.

Dependent Undergrads (parents eligible for PLUS loans) Subsidized Total
Year 1 $3,500 $5,500
Year 2 $4,500 $6,500
Year 3 and above $5,500 $7,500
Aggregate $23,000 $31,000


Dependent Undergrads (parents not eligible for PLUS loans)
& Independent Undergrads

Subsidized Total
Year 1 $3,500 $9,500
Year 2 $4,500 $10,500
Year 3 and above $5,500 $12,500
Aggregate $23,000 $57,500
Graduate/Professional Students
Annual Limit $0 $20,500
Aggregate $65,500 $138,500


Federal Direct PLUS loans are different from other federal direct loans. There are meant for parents with dependent undergraduate students and graduates as well. Moreover, PLUS loans don’t have a specific limit because it depends on the cost of attendance of a school to disburse funds. Even at this, it does require a credit check instead of a specific credit score. The cost of attendance involves the cover the cost of tuition, room and board, books, and living expenses.

Federal Direct Unsubsidized loans are designed for undergraduate and graduate students without minding the financial need. Unlike PLUS loan, this loan has limits that you can borrow.

Private Student Loan

Private student loans are available to anyone starting from undergraduate to graduate, to parents, as long as they can meet the requirement. For instance, Credit Check.

Private student loans can be offered by banks, credit unions, and financial institutions. As a result of different lenders, the limits vary by lender and also influenced by the cost of attendance at the school you or your school.

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