Available Loans

If you are interested in applying for a private US student loan, please refer to the information on applying for Private Student Loans.

Loan Limits

Federal loans can usually cover the total cost of fees and living expenses for the duration of your studies. Origination and default fees will be deducted from your gross loan award, and the fees for the Direct PLUS loan can be taken into consideration when requesting how much to borrow.

Origination fees, default fees and interest rates are subject to change. For the latest information on interest rates and fees, please see the Federal Student Aid website.

Cost of Attendance (COA) worksheet will be completed by the US Loan Officer for all students applying for US loans. This will calculate the loan amount to which you are entitled.

If you are interested in applying for a private US student loan, please refer to the information on applying for private student loans for more details. 

Maximum Direct Stafford Loans at a glance 

Dependent Undergraduate Student 
(except students whose parents are unable to obtain PLUS loans)
 Initial Subsidized StaffordAdditional Unsubsidized StaffordCombined SUBS & UNSUBS STAFFORD (Maximum) Levels
1st year $3500 $2000 $5500
2nd year $4500 $2000 $6500
3rd year and up $5500 $2000 $7500
Independent Undergraduate Student
(and dependent students whose parents are unable to obtain PLUS loans)
1st year $3500 $6000 $9500
2nd year $4500 $6000 $10500
3rd year and up $5500 $7000 $12500
Graduate/Professional
Maximum amount per academic year $0 $20500 $20500
       
  • Dependent Undergraduates     - $23,000 subsidized or with unsubsidized £31,000
  • Independent Undergraduates - $23,000 subsidized or with unsubsidized £57,500
  • Graduate Students - $138,500 (includes undergraduate borrowing) subsidized and unsubsidized

The loan amounts vary depending on whether you are a graduate or an undergraduate: