Graduate students aren’t eligible for subsidized loans, but can borrow up to $20,500 a year in federal unsubsidized loans. You cannot receive more than $138,000 in unsubsidized and subsidized loans in total, including any loans you took out as an undergraduate.
Moreover, what are the 4 types of student loans?
There are four types of federal student loans available:
- Direct subsidized loans.
- Direct unsubsidized loans.
- Direct PLUS loans.
- Direct consolidation loans.
In this way, what are the income limits for subsidized student loans? $57,500 for undergraduates-No more than $23,000 of this amount may be in subsidized loans. $138,500 for graduate or professional students-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.
Moreover, who is eligible for unsubsidized student loans?
Direct Unsubsidized Loans are available to undergraduate, graduate, or professional degree students enrolled at least half-time at a school that participates in the Direct Loan Program. Financial need is not required to qualify.
What is the student loan limit for graduate school?
Subsidized and unsubsidized aggregate loan limits
| STUDENT CATERGORY | TOTAL |
|---|---|
| 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. |
How much financial aid can I get for grad school?
$20,500
Who is eligible for a federal subsidized loan?
To be eligible for a subsidized loan, you must: Be an undergraduate student. Be able to prove financial need. Be enrolled at a school at least half-time.