Your financial aid notice shows how much in Direct Subsidized or Unsubsidized Loans you may borrow. View your aid on Wolverine Access by selecting Financial Aid > Awards. You may also view an estimate of the total amount borrowed in previous academic years through all loan programs by selecting Loans > View Student Loan Summary.

The amount of Federal Direct Loans you may borrow by year in school and the total amount you may borrow are shown in the table below. These amounts are determined by the federal government.

U-M undergraduate students approaching graduation: If you are enrolled less than full-time during your final term, you may not be eligible to receive the full, annual maximum federal loan limit. Consult with an aid officer to discuss your situation.

Borrowing Limits for Direct Loans

  Year 1 Year 2 Year 3
Subsidized Base $3,500
for all undergraduates		 $4,500
for all undergraduates		 $5,500
for all undergraduates
  N/A
for graduate students		 N/A
for graduate students		 N/A
for graduate students
Additional Unsub Loan $2,000 ($5,500 total)
for dependent undergrads*		 $2,000 ($6,500 total)
for dependent undergrads*		 $2,000 ($7,500 total)
for dependent undergrads*
  $6,000 ($9,500 total)
for independent undergrads**		 $6,000 ($10,500 total)
for independent undergrads**		 $7,000 ($12,500 total)
for independent undergrads**
  $20,500
for graduate students		 $20,500
for graduate students		 $20,500
for graduate students

 

Total Loan Debt Limit (Subsidized & Unsubsidized)
$31,000 (only $23,000 may be subsidized) for dependent undergrads*
$57,500 (only $23,000 may be subsidized) for independent undergrads
$138,500 ($65,500 may be subsidized; limit includes undergraduate Direct Loans) for graduate or professional students

* Except those whose parents are unable to obtain a PLUS Loan
** These limits also apply to dependent students whose parents are unable to obtain a PLUS Loan