Annual and Aggregate Loan Limits

The maximum amount you can borrow each year in Direct Subsidized and Unsubsidized Loans depends on your program and year of study (grade level) and on whether you are a dependent or independent student. The actual loan amount you are eligible to receive for an academic year is determined by Brock and may be less than the maximum amounts shown in the tables below.

Loan amounts listed below are in USD.

Annual loan limits for dependent undergraduates

FIRST YEAR$3,500$2,000$5,500
SECOND YEAR$4,500$2,000$6,500
THIRD YEAR AND BEYOND$5,500$2,000$7,500

Annual loan limits for independent undergraduates and graduate/professional students

FIRST YEAR - UG$3,500$6,000$9,500
SECOND YEAR - UG$4,500$6,000$10,500
THIRD YEAR AND BEYOND - UG$5,500$7,000$12,500

Subsidized and unsubsidized aggregate loan limits

DEPENDENT UNDERGRADUATE $31,000 - no more than $23,000 of this amount may be in subsidized loans.
INDEPENDENT UNDERGRADUATE$57,500 - no more than $23,000 of this amount may be in subsidized loans.
GRADUATE/PROFESSIONAL STUDENTS$138,500 - no more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.


  • The aggregate loan limits include Subsidized Federal Stafford Loans and/or Unsubsidized Federal Stafford Loans you may have previously received under the Federal Family Education Loan (FFEL) program. As a result of legislation that took effect on July 1, 2010 no further loans are being made under the FFEL program.
  • Effective for periods of enrollment beginning after June 30, 2012, graduate and professional students are no longer eligible to receive Direct Subsidized Loans. The $65,500 subsidized aggregate loan limit for graduate and professional students includes subsidized loans that a graduate or professional student may have received for periods of enrollment that began before July 1, 2012 or for prior undergraduate study.