Loan Charts

Federal Direct Loans 2018-2019

The chart below indicates who is eligible to receive which type of loan, including the interest rate, loan fee, and grace period.

Subsidized LoanUnsubsidized LoanPLUS Loan
Who Is Eligible?  Undergraduate & Credential Students

Undergraduate, Credential, & Graduate Students     

Graduate Students & Parents (of Dependent Students)

Interest Rate5.05%5.05%    Undergraduate
6.60%   Credential & Grad
7.6%

Loan Fee

1.066%

1.066%

4.264%
Grace Period6 months6 months60 days

Does Interest Accrue?

No, not if enrolled in 6+ units.

Interest accrues during repayment. 

Yes, while student is enrolled in school.  

Yes, while student is enrolled   in school.

Annual Limits

DependentIndependent

Freshmen

(0-29 Units)

$5,500 Total

(up to $3,500 subsidized)                      

$9,500 Total

(up to $3,500 subsidized)                           

Sophomores 

(30-59 units)

$6,500 Total

(up to $4,500 subsidized)

$10,500 Total

(up to $4,500 subsidized)

Juniors & Seniors

(60-180 units)  

$7,500 Total

(up to $5,500 subsidized)

$12,500 Total

(up to $5,500 subsidized)

2nd Bachelor's $5,500 maximum$12,500 Total (up to $5,500 subsidized)
Credential Candidates  $5,500 maximum$12,500 Total (up to $5,500 subsidized)
Maters* & Doctorate*N/A

$20,500 Total (only unsubsidized)

 

*Student is considered Independent by Definition

 

Lifetime Limits

DependentIndependent

Undergraduate,

2ndBA, 

& Credential

$31,000 Total 

(up to $23,000 subsidized)                        

$57,500 Total     

(up to $23,000 subsidized)                  

Masters & DoctorateN/A

 $138,500 Total 

(up to $65,500 subsidized)