Loss of Subsidized Loan Eligibility for Graduate and Professional Students
Effective for loans made for periods of enrollment (loan periods) beginning on or after July 1, 2012, graduate and professional students are no longer eligible to receive Federal Direct Subsidized Loans. (The terms and conditions of Direct Subsidized Loans received by any student for loan periods beginning before July 1, 2012, for either graduate or undergraduate study, are not affected by this change.)
The annual loan limit for graduate and professional students remains unchanged at $20,500, but this amount will now be limited to Direct Unsubsidized Loans, as shown in the following chart:
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Annual Loan Limits for Graduate/Professional Students |
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Loans for loan periods beginning |
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Loans for loan periods beginning |
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Subsidized Loan Maximum |
Unsubsidized Loan Maximum |
Subsidized Loan Maximum |
Unsubsidized Loan |
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All Graduate and Professional Students |
$8,500 |
$20,500, less any subsidized amount received |
$0 |
$20,500 |
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Note: The aggregate loan limit for graduate and professional students remains unchanged |
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