Maximum Loan Eligibility



Your maximum loan eligibility is calculated based on a number of factors including the federal direct annual and aggregate loan limits, enrollment status, cost of attendance (COA), expected family contribution (EFC), and other estimated financial assistance (EFA).


Loan Limits

Direct Subsidized and Unsubsidized Annual Loan Limits
Year Dependent Undergraduate Student Independent Undergraduate Student (and dependent students whose parents are unable to obtain PLUS Loans)


First Year [completed 23 Competency Units (CUs) or less]


$5,500 – No more than $3,500

of this amount can be subsidized loan

$9,500 – No more than $3,500 of this amount can be subsidized loan


Second Year [completed 24-47 CUs]


$6,500 – No more than $4,500

 of this amount can be subsidized loan

$10,500 – No more than $4,500 of this amount can be subsidized loan


Third Year and Beyond [completed 48 CUs or greater]


$7,500 – No more than $5,500

of this amount can be subsidized loan

$12,500 – No more than $5,500 of this amount can be subsidized loan


Graduate or Professional Student [all years]


Not applicable ( all graduate and professional students are considered independent)

$20,500 (Unsubsidized loan only)


Note: A student whose parent cannot obtain a parent loan for an undergraduate student (PLUS) loan is allowed to borrow additional unsubsidized Direct Loan amounts. Student dependency status will be determined based on answers to questions on the Free Application for Federal Student Aid (FAFSA).


Direct Subsidized and Unsubsidized Aggregate Loan Limits
Student Type Subsidized Total Subsidized & Unsubsidized

Dependent Undergraduate students (excluding those whose parents cannot borrow Direct PLUS)




Independent Undergraduate students and Dependent Undergraduate students whose parents cannot borrow Direct PLUS




Graduate and Professional Students*






*Note: Aggregate loan limits for graduate and professional students include loans received for undergraduate study. The $65,500 subsidized aggregate loan limit shown here for graduate and professional students includes subsidized loans received for loan periods beginning before July 1, 2012, and prior subsidized loans received for undergraduate study.


Please visit How much can I borrow? for additional information on federal direct annual and aggregate loan limits.


If you did not have an outstanding balance of principal or interest on a Direct Loan or FFEL Program Loan on July 1, 2013 or after, you are considered a first-time borrower and your eligibility for Direct Subsidized Loans is limited to a period not to exceed 150 percent of the length of your educational program. Under certain conditions, if you exceed the 150 percent limit, you may lose the interest subsidy on your existing Direct Subsidized loans.


Determining Financial Need

A need-based aid is financial aid that you can receive if you have financial need and meet other eligibility criteria. The need-based federal student aid programs are Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Direct Subsidized Loan, and Federal Work-Study.


 To calculate your financial need:


Cost of Attendance (COA) 

- Expected Family Contribution (EFC) 

= Financial Need



Cost of Attendance (COA)

Cost of Attendance (COA) is an estimated cost of a student’s educational expenses for the academic year. The total student aid funds may not exceed the student's COA. The COA components for all federal student aid (FSA) programs are:

  • Tuition and Fees (including the electronic versions of the required textbooks and other learning resources)
  • Supplies (including printer paper and cartridges)
  • Room and Board
  • Other Educational Costs 

Visit Cost of Attendance for the current estimated COA and additional information.


Expected Family Contribution (EFC)

Expected Family Contribution (EFC) is calculated by using the information you provide on the FAFSA and this number is used to calculate how much financial aid you are eligible to receive. It is neither the amount of money you will have to pay at the University, nor the amount of federal student aid you will receive.


For information on need-based federal student aid programs and EFC, please visit How Aid Is Calculated?.



Determining Non-Need Based Aid

A non-need based aid is not based on your EFC but based on your COA. Direct Unsubsidized Loan, Federal PLUS Loan, and TEACH Grant are non-need-based federal student aid programs.


Except for Pell Grant, federal student aid award amounts are constrained by the other aid or estimated financial assistance (EFA). It is required that all outside assistance be reported to the University to calculate eligibility for non-need based aid accurately.


To calculate the non-need based aid:


Cost of Attendance (COA)

Financial Aid Awarded (or EFA)  

= Eligibility for Non-need-based Aid



Estimated Financial Assistance (EFA)

Estimated Financial Assistance (EFA) refers to aid from the federal student aid (FSA) programs, as well as grants, scholarships, loans, and need-based employment awarded by the University or by individual or organization outside the University because of postsecondary enrollment.


Visit What is non-need-based aid and how does my school figure out how much I’ll get? for more information about the non-need based aid.


Please visit to learn how the amount of your federal student aid is determined.


Version history
Revision #:
12 of 12
Last update:
‎12-30-2019 02:19 PM
Updated by:
Labels (1)