The annual and lifetime borrowing limits on subsidized loans are more rigid than unsubsidized loans.
Year Dependent Students Independent Students First-Year Undergraduate Subsidized: $3,500 Unsubsidized: $5,500 Subsidized: $3,500 Unsubsidized: $9,500 Second-Year Undergraduate Subsidized: $4,500 Unsubsidized: $6,500 Subsidized: $4,500 Unsubsidized: $10,500 Third-Year and Beyond Undergraduate Subsidized: $5,500 Unsubsidized: $7,500 Subsidized: $5,500 Unsubsidized: $12,500 Graduate or Professional Student N/A Unsubsidized: $20,500 Aggregate Loan Limit Subsidized: $23,00 Unsubsidized: $31,000 Subsidized: Undergraduate: $23,000Graduate or Professional Students: $65,500 Unsubsidized Undergraduates: $57,500Graduate or Professional Students: $138,500Time limitsFor subsidized loans taken out after July 1, 2013, there is a limit to how many academic periods you can receive funds.
Interest rates and feesFor undergraduate students, subsidized and unsubsidized loans charge the same interest rate.
Subsidized and unsubsidized loans: ConclusionBoth subsidized and unsubsidized loans can be crucial tools for financing your education.
Prioritize subsidized loans, understand the implications of unsubsidized interest, and make informed borrowing decisions.
Persons:
You'll, they're
Organizations:
Education, Department, Federal Student Aid, Chevron
Locations:
deferment