The amount students can borrow depends on several factors, including their level of financial need, other sources of aid, cost of attendance and the length of the school's academic year. For questions about loan limits, contact OGSLP's School/Lender Support Services department at 800.247.0420 (toll-free) or 405.234.4329.
• Stafford loan limits
• PLUS loans limits
The following charts show the maximum loan amounts for a full academic year. A student's financial need, other sources of aid, cost of attendance and the length of the school's academic year may affect the amount they can borrow.
Dependent* Students |
||
|---|---|---|
Grade Level |
Subsidized Loan Limit |
Unsubsidized Loan Limit** |
| First Year | $3,500 | $5,500 |
| Second Year | $4,500 | $6,500 |
| Third Year and Beyond | $5,500 | $7,500 |
* Dependent students whose parents are able to borrow a PLUS loan
** Less amount borrowed under subsidized loan program
Independent and some Dependent* Students |
||
|---|---|---|
Grade Level |
Subsidized Loan Limit |
Unsubsidized Loan Limit** |
| First Year | $3,500 | $9,500 |
| Second Year | $4,500 | $10,500 |
| Third Year and Beyond | $5,500 | $12,500 |
| Graduate/Professional | $8,500 | $20,500 |
| Health Professions | $8,500 | $47,167† |
* Dependent students whose parents are unable to borrow a PLUS loan
** Less amount borrowed under subsidized loan program
† $47,167 is the total annual graduate professional Stafford loan maximum of $20,500 plus the maximum Health Education Assistance Loan of $26,667 in additional unsubsidized Stafford loans
In addition to the maximum yearly amounts, Stafford loans have an aggregate loan limit students can't exceed.
Maximum Federal Stafford |
|
|---|---|
Classification |
Total Loan Limit |
| Dependent Λ Undergraduates | $31,000* |
| Independent and some Dependent† Undergraduates | $57,500* |
| Graduate/Professional | $138,500** |
| Health Professions | $224,000** |
* No more than $23,000 of which can be subsidized
** No more than $65,500 of which can be subsidized
Λ Dependent students whose parents are able to borrow a PLUS loan
† Dependent students whose parents are unable to borrow a PLUS loan
Each school’s financial aid office determines how much can be borrowed. The loan amount can't exceed the school’s cost of attendance (an estimate of tuition and other reasonably related school expenses) minus any other financial aid the student may receive.
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