Undergraduate Direct Loan Limits

Annual Limits for Subsidized and Unsubsidized Loans

Dependent Students (Based on FAFSA)   Subsidized Total (Subsidized + Unsubsidized)
First Year 0 to 29.5 units $3,500 $5,500**
Second Year 30 to 59.5 units $4,500 $6,500**
Third / Fourth Year H.I.M. program only* $5,500 $7,500**
Independent Students (Based on FAFSA)   Subsidized Total (Subsidized + Unsubsidized)
First Year 0 to 29.5 units $3,500 $9,500**
Second Year 30 to 59.5 units $4,500 $10,500**
Third Year H.I.M. program only* $5,500 $12,500**

*Third and fourth year limits will only apply to students accepted into and taking core coursework in the B.S. Health Information Management program who have completed at least 60 units

**Loans will never be awarded over these annual limits for the Fall/Spring academic year

Aggregate (Overall) Limits for Subsidized and Unsubsidized Loans

  Subsidized Total (Subsidized + Unsubsidized)
Dependent Students (Based on FAFSA) $23,000 $31,000
Independent Students (Based on FAFSA) $23,000 $57,500

 


Direct Loan Interest Rates & Fees

Interest Rate for Subsidized and Unsubsidized Direct Loans

The interest rate varies depending on the loan type and (for most types of federal student loans) the first disbursement date of the loan. The table below provides interest rates for Direct Subsidized and Direct Unsubsidized Loans first disbursed on or after July 1, 2020, and before July 1, 2021.

Undergraduate Borrowers Students who already have a Bachelors Degree
Direct Subsidized Loans and Direct Unsubsidized Loans: 2.75% Direct Unsubsidized Loan Only: 4.30%

Loan Fees for Direct Subsidized Loans and Direct Unsubsidized Loans

Most federal student loans also have loan fees that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive while enrolled in school. 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.

The chart below shows the loan fees for Direct Subsidized Loans and Direct Unsubsidized Loans first disbursed on or after Oct. 1, 2018.

First Disbursement Date Loan Fee
On or after 10/1/19 and before 10/1/20 1.059%
On or after 10/1/20 and before 10/1/22 1.057%

 

For more information on interest and loan origination fees, please visit Federal Interest Rates and Fees | Federal Student Aid website.