Non-Need-Based Loans
The following loans are available to both undergraduate and graduate students:
- Federal Direct Unsubsidized Student Loans are funded by the federal government and can be borrowed up to the federal limits based on student status (please see Direct Loan Limit Chart below). Unsubsidized loans are offered to students who do not demonstrate financial need or who have exhausted all need based aid. Interest accrues on unsubsidized loans from the date the loan is disbursed. The student pays an origination fee which is deducted from the total accepted amount of the loan. Students may begin repaying principal and interest on Federal Direct Unsubsidized Student Loans immediately, pay only interest immediately, or defer both principal and interest until they are no longer enrolled in school at least half time.
- Federal Direct Parent Loans for Undergraduate Students (PLUS).are available to eligible parents of dependent undergraduate students. Eligibility is subject to a credit review conducted by the U.S. Department of Education. Beginning July 1, 2026, new parent borrowers may borrow up to $20,000 annually per student, with a maximum aggregate borrowing limit of $65,000 per student, subject to federal regulations and the student’s remaining cost of attendance after other financial aid is applied. Federal origination fees are deducted from the loan prior to disbursement. Interest rates and loan fees are updated annually and are hosted by Federal Student Aid. Repayment generally begins 60 days after the final loan disbursement for the academic year; however, borrowers may request a deferment while the student remains enrolled at least half-time and for an additional six months after the student graduates, withdraws, or falls below half-time enrollment. Interest rates and loan fees are established annually by the U.S. Department of Education.
Annual and Lifetime Federal Direct Student Loan Limits
Federal student loan borrowing limits and repayment provisions are subject to change based on federal legislation and regulatory updates. The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduced changes to federal student aid programs, including student and parent borrowing provisions. Some changes became effective immediately, while others will be implemented in future academic years. Students and borrowers are encouraged to review current federal student aid guidance and university communications for the most up-to-date information regarding eligibility, borrowing limits, repayment options, and other federal loan requirements.
|
Subsidized Loans |
Unsubsidized Loans |
Combined Subsidized and Unsubsidized Loans |
| Dependent Students |
| Freshman |
$3,500 |
$2,000 |
$5,500 |
| Sophomores |
$4,500 |
$2,000 |
$6,500 |
| Juniors and Seniors |
$5,500 |
$2,000 |
$7,500 |
| Lifetime Loan Limits |
$23,000 |
$31,000 |
|
| Independent Students1 |
| Freshman |
$3,500 |
$6,000 |
$9,500 |
| Sophomores |
$4,500 |
$6,000 |
$10,500 |
| Juniors and Seniors |
$5,500 |
$7,000 |
$12,500 |
| Lifetime Loan Limits |
$23,000 |
$57,000 |
|
| Graduate Students |
N/A |
$20,500 |
$20,500 |
| Lifetime Loan Limits (includes akk Subsidized loans received for graduate and/or professional studies) |
|
$100,000 (for borrowers who are not and have never been professional students) |
|
| 1 Refers to students who answered "yes" to any dependency status question on the FAFSA. These loan limits also apply to dependent undergraduate students whose parents were denied a PLUS loan due to adverse credit history. |