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.
Hereof, does FAFSA pay graduate school?
This form, commonly known as the FAFSA, is used to determine your eligibility for financial aid including grants, work-study, and loans. The FAFSA covers financial aid for graduate school as well as for undergraduate school. Filing the FAFSA as a graduate student is similar to completing it as an undergraduate.
Subsequently, how much can you borrow for graduate school? If you are a graduate or professional student, you can borrow up to $20,500 each year in Direct Unsubsidized Loans. Direct PLUS Loans can also be used for the remainder of your college costs, as determined by your school, not covered by other financial aid.
Herein, 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. |