Maximum Graduate Student Loan Per Year

The direct unsubsidized loan has annual limits for dependent undergraduate students based on the student s year in school.

Maximum graduate student loan per year.

If you take a loan of 4 000 in the first year itself your interest for the first year will accrue on the full 4 000 during the next four years. But a graduate plus loan allows you to borrow up to the cost of attendance minus any other financial aid received. For private student loans limits vary by lender but you may be able to borrow up to. They also have federal student loan limits as follows.

Most graduate students loans are limited 20 500 a year in stafford loans and cannot exceed 138 500 between both undergrad and grad school loans combined. The aggregate loan limit for graduate or professional students is 138 500 with no more than 65 500 in subsidized loans. 7 500 per year for juniors seniors and any additional undergraduate years of study. The maximum amount that you can borrow under the federal direct unsubsidized loan program for graduate school is 20 500 a year with a maximum lifetime limit of 138 500.

Private student loans in some cases federal student loans do not cover the entire cost of graduate school. Even if the interest is set at a rate amount when you take the loan this higher interest accrual over the next four years will far exceed any savings from the lower rate of interest. Aggregate maximum subsidized loan limit. Compare federal and private graduate student loans to find the best option for you if you need to borrow for graduate school.

Any graduate or professional student is limited to 20 500 in federal student loans all unsubsidized each year. Student loan limits are based on a variety of factors including the type of loan federal or private your year in school and how much it costs to attend your school of choice. The 2020 2021 loan limits are. 1 000 up to the total cost of.

This limit includes all federal loans received for undergraduate studies as well. Aggregate maximum unsubsidized loan limit. As a graduate student you can borrow significantly more. Graduate students can borrow up to 20 500 annually and 138 500 total which includes undergraduate loans.