Maximum Graduate Student Loan Per Year

7 500 per year for juniors seniors and any additional undergraduate years of study.

Maximum graduate student loan per year. This limit includes all federal loans received for undergraduate studies as well. 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. Aggregate maximum unsubsidized loan limit.

Private student loans in some cases federal student loans do not cover the entire cost of graduate school. 1 000 up to the total cost of. Certain graduate schools such as health related schools allow up at 224 000 in graduate student loans. The 2020 2021 loan limits are.

The maximum amount a graduate student can borrow upon graduation is 138 500 up to 65 000 in subsidized loans. 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. The direct unsubsidized loan has annual limits for dependent undergraduate students based on the student s year in school. But a graduate plus loan allows you to borrow up to the cost of attendance minus any other financial aid received.

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. 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. Graduate students can borrow up to 20 500 annually and 138 500 total which includes undergraduate loans. The aggregate loan limit for graduate or professional students is 138 500 with no more than 65 500 in subsidized loans.

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. They also have federal student loan limits as follows. 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.