Financial Aid

Loan Limits

Annual Loan Limits

Year Dependent Undergraduate Independent Undergraduate and
Dependent Undergraduate whose parent can’t borrow PLUS
Graduate/Professional
1st (1-29 units) $5,500 (maximum $3,500 subsidized) $9,500 (maximum $3,500 subsidized) Up to $20,500 unsubsidized each academic year; (As of July 1, 2012, subsidized loans are no longer available.)
2nd (30-59 units) $6,500 (maximum $4,500 subsidized) $10,500 (maximum $4,500 subsidized) Up to $20,500 unsubsidized each academic year; (As of July 1, 2012, subsidized loans are no longer available.)
3rd and beyond (60+ units) $7,500 (maximum $5,500 subsidized) $12,500 (maximum $5,500 subsidized) Up to $20,500 unsubsidized each academic year; (As of July 1, 2012, subsidized loans are no longer available.)

Aggregate Loan Limits

Dependent Undergraduate $31,000 (up to $23,000 may be subsidized)
Independent Undergraduate* $57,500 (up to $23,000 may be subsidized)
Grad/Professional $138,500 (maximum $5,500 subsidized)

*Also for dependent students whose parents are unable to obtain a PLUS loan.

Interest Rates

Type of Loan Interest Rate
07/01/16 – 06/30/17
Interest Rate
07/01/17 – 07/01/18
Direct Subsidized and Unsubsidized Loans for undergraduate students 4.29% 4.45%
Direct Unsubsidized Loan for Grad/Professional Students 5.84% 6%
Direct PLUS for Parents and Grad/Professional Students 6.84% 7%

It is recommended that you pay the interest while in school. If the interest is allowed to accumulate, it is capitalized and added to the principal amount of the loan once the student has entered repayment. This will increase the total amount that you have to repay.

Origination Fee

On or after 10/01/16 and before 10/01/17 On or after 10/01/17 and before 10/01/18
Direct Subsidized and unsubsidized Loans 1.069% 1.066%
Direct PLUS Loans 4.276% 4.274%

The table above reflects the origination fee percentages based on the first disbursement date for Direct subsidized Loan, Direct Unsubsidized Loan, and Direct PLUS Loan awards.