The federal government sets limits on the amount of money a student can borrow under the Federal Direct Loan program. Marshall University awards students that have filed the FAFSA the maximum amount eligible under such limits. The annual limit applies to the most a student can borrow in one academic year, while the aggregate limit applies to the maximum a student can borrow in a lifetime. Independent students and dependent students whose parents are unable to borrow a PLUS Loan are eligible for additional Federal Direct unsubsidized loan.

Below is a chart of annual loan limits for Undergraduate, Graduate/Professional, and Medical Students:

Dependent Students (excluding students whose parents cannot borrow PLUS) Base Amount

Subsidized/Unsubsidized

Additional Unsubsidized Loan Amount Total
1st – year undergraduate (0 – 25 credits) $3,500 $2,000 $5,500
2nd – year undergraduate (26 – 57 credits) $4,500 $2,000 $6,500
3rd – year and beyond undergraduate

(58 or more credits)

$5,500 $2,000 $7,500
       
Independent Students (and dependent students whose parents cannot borrow PLUS) Base Amount

Subsidized/Unsubsidized

Additional Unsubsidized Loan Amount Total
1st – year undergraduate (0 – 25 credits) $3,500 $6,000 $9,500
2nd – year undergraduate (26 – 57 credits) $4,500 $6,000 $10,500
3rd – year and beyond undergraduate

(58 or more credits)

$5,500 $7,000 $12,500
       
Graduate/Professional and Medical Students Base Amount

Subsidized/Unsubsidized

Additional Unsubsidized Loan Amount Total
Graduate/Professional Students $8,500 $12,000 $20,500
Medical Students $8,500 $38,667 $47,167

 

Below is a chart of annual loan limits for Preparatory Coursework and Teach Certification:

Dependent Students (excluding students whose parents cannot borrow PLUS) Base Amount

Subsidized/Unsubsidized

Additional Unsubsidized Loan Amount Total
Preparatory coursework (for enrollment in a graduate or professional program) $5,500   $5,500
Teacher certification coursework $5,500   $5,500
       
Independent Students (and dependent students whose parents cannot borrow PLUS) Base Amount

Subsidized/Unsubsidized

Additional Unsubsidized Loan Amount Total
Preparatory coursework (for enrollment in a graduate or professional program) $5,500 $7,000 $12,500
Teacher certification coursework $5,500 $7,000 $12,500

 

Below is a chart of Federal Direct Loan aggregate limits for all students:

Subsidized Combined Subsidized & Unsubsidized
Dependent Students (and dependent students whose parents cannot borrow PLUS) $23,000 $31,000
Independent Students (and dependent students whose parents cannot borrow PLUS) $23,000 $57,500
Graduate and Professional Students $65,500 $138,500
Medical School Students $65,500 $224,000