Maximum Annual Loan Limits - Subsidized and Unsubsidized Direct and FFEL (Federal) Stafford Loans*

	Dependent Undergraduate Student	Independent Graduate Student
1st Year	$2,625	$6,625 (No more than $2,625 of this may be in subsidized loans.)
2nd Year	$3,500	$7,500 (No more than $3,500 of this may be in subsidized loans.)
3rd and 4th Year (each)	$5,500	$10,500 (No more than $5,500 of this may be in subsidized loans.)
Maximum Total Debt from Stafford Loans When You Graduate	$23,000	$46,000 (No more than $23,000 of this may be in subsidized loans.)

1. *Source: U.S. Department of Education Federal Student Aid. Funding Education Beyond High School: The Guide to Federal Student Aid 2006-07. http://studentaid.ed.gov/students/attachments/siteresources/StudentGuide.pdf