Loan Limits, Proration, Interest Rates and Fees

Loan Limits

The amounts in the table below reflect the maximum you may borrow for an academic year, effective July 1, 2026. Your actual loan amount may be lower based on several factors:

• Other financial aid: If you receive other aid that covers part of your cost of attendance, your loan eligibility will be reduced accordingly.
• Shorter programs: If you are an undergraduate enrolled in a program shorter than a full academic year, your maximum will be prorated.
• School certification: Your school may refuse to certify your loan or may certify a lower amount. The school must document and explain its decision in writing. That decision is final and cannot be appealed to the U.S. Department of Education.

Proration

If you are an undergraduate student who will graduate after attending only a single term in the academic year (for example, graduating in December after completing the fall semester), your loan will be prorated based on your enrolled credit hours. This proration is required by the federal government.

Interest Rates

Loan Origination Fees

The loan origination fee is a percentage of the loan amount that is assessed by the Department of Education that is proportionately deducted from each loan disbursement. The percentage varies depending on when the loan is first disbursed.