Direct Loan Aggregate Award Limits Annual Loan Limits Please note: Federal Direct Loan limits include any amount borrowed under the Federal Stafford Loan program. The amount borrowed cannot exceed the cost of attendance and/or the following annual loan limits (effective 7/1/08): Grade Level Subsidized Total Subsidized & Unsubsidized Dependent: Freshman $3,500 $5,500 Sophomore $4,500 $6,500 Junior $5,500 $7,500 Senior $5,500 $7,500 Independent: Freshman $3,500 $9,500 Sophomore $4,500 $10,500 Junior $5,500 $12,500 Senior $5,500 $12,500 Graduate/Professional $8.500 $20,500
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