Loan Limits

i) Annual Direct Loan Limits for 2018-2019 and 2019-2020

  Subsidised Unsubsidised  Total 
Postgraduates * $0 $20,500 $20,500
Dependent 1st year Undergraduates  $3,500 $2,000 $5,500
Dependent 2nd year Undergraduates   $4,500 $2,000 $6,500
Dependent 3rd year Undergraduates  $5,500 $2,000 $7,500
Independent 1st year Undergraduates  $3,500 $6,000 $9,500
Independent 2nd year Undergraduates   $4,500 $6,000 $10,500 
Independent 3rd year Undergraduates  $5,500 $7,000 $12,500  

* N.B.  Postgraduate/professional students are not eligible for the subsidised Direct loan. They may borrow the full amount of $20,500 as an unsubsidised loan. 

 

ii) Maximum Aggregate Federal Loan Limits for 2018-2019 and 2019-2020

  Maximum Aggregate Subsidised Direct Loans Maximum Aggregate Total Direct Loans 
 Postgraduates $65,500  $138,500   
Dependent Undergraduates  $23,000 $31,000
Independent Undergraduates   $23,000 $57,500