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

Interest Rates

Type of Loan Interest Rate
07/01/21 – 06/30/22
Direct Subsidized and Unsubsidized Loans for undergraduate students 3.73%
Direct Unsubsidized Loan for Grad/Professional Students 5.28%
Direct PLUS for Parents and Grad/Professional Students 6.28%

It is recommended that you pay the interest while in school. The interest is accrued immediately after the loan funds are disbursed, and is capitalized and added to the principal amount of the loan until you enter repayment. This will increase the total amount that you have to repay.

Origination Fee

Type of Loan On or after 10/01/21 and before 10/01/22
Direct Subsidized and unsubsidized Loans 1.057%
Direct PLUS Loans 4.228%

The federal government charges an origination fee when the loans are issued. This means the money you receive will be less than the amount you actually borrow. You’re responsible for repaying the entire amount you borrowed and not just the amount you received.