What is the maximum amount I can borrow for a federal student loan?

The maximum amount you can borrow for a federal student loan depends on various factors, including the type of loan, your year in school, and whether you are a dependent or independent student. Federal student loans are categorized into several types, primarily Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans. For Direct Subsidized and Unsubsidized Loans, the borrowing limits vary by your academic level. For undergraduate students, the maximum annual loan limits are as follows: Freshmen can borrow up to seven thousand dollars, Sophomores can borrow up to eight thousand dollars, and Juniors and Seniors can borrow up to nine thousand dollars. The cumulative loan limit for undergraduate students is usually thirty-seven thousand dollars for dependent students, and up to one hundred and forty-six thousand dollars for independent students. However, independent students may also qualify for additional unsubsidized loan amounts. For Graduate and professional students, the annual borrowing limit for Direct Unsubsidized Loans is up to twenty thousand dollars, with a cumulative limit of one hundred and eighty-eight thousand dollars. Direct PLUS Loans may also be an option for both parents of dependent students and graduate students, allowing them to borrow up to the cost of attendance minus any other financial aid received. To find the most accurate and detailed information regarding federal student loans and personal eligibility, it is advisable to refer to the current web page that lists student loan information.