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Dependent Students (except students <br />Independent dependent <br />Year <br />whose parents are unable to obtain <br />undergraduate students whose parents <br />PLUS Loans) <br />are unable to obtain PLUS Loans) <br />First -Year Undergraduate <br />$5,500—No more than $3,500 of this <br />$9,500—No more than $3,500 of this <br />Annual Loan Limit <br />amount may be in subsidized loans. <br />amount may be in subsidized loans. <br />Second -Year Undergraduate <br />$6,500—No more than $4,500 of this <br />$10,500—No more than $4,500 of this <br />Annual Loan Limit <br />amount may be in subsidized loans. <br />amount may be in subsidized loans. <br />Third -Year and Beyond <br />Undergraduate Annual Loan <br />$7,500—No more than $5,500 of this <br />amount may be in subsidized loans. <br />$12,500—No more than $5,500 of this <br />amount may be in subsidized loans. <br />Limit <br />Graduate or Professional <br />Not Applicable (all graduate and <br />$20,500 (unsubsidized only) <br />Students Annual Loan Limit <br />professional students are considered <br />independent) <br />Subsidized and <br />$31,000—No more than $23,000 of this <br />$57,500 for undergraduates —No more <br />Unsubsidized Aggregate <br />amount may be in subsidized loans. <br />than $23,000 of this amount may be in <br />Loan Limit <br />subsidized loans. <br />$138,500 for graduate or professional <br />students —No more than $65,500 of this <br />amount may be in subsidized loans. The <br />graduate aggregate limit includes all <br />federal loans received for undergraduate <br />study. <br />Direct PLUS Loan <br />Federal Direct Parent PLUS loans are available to parents of dependent students or <br />graduate/professional students to help pay for education expenses not covered by other financial aid. <br />Eligibility is not based on financial need, but a credit check is required. Borrowers who have adverse <br />credit history must meet additional requirements to qualify. <br />More information can be found on the FSA website: httl2s•//studentaid.gov/understand- <br />aid/tynes/loans/plus. <br />Federal Direct Loan Interest Rates and Fees <br />Interest Rates for Direct Loans First Disbursed on or After July 1, 2021, and Before July 1, 2022 <br />Loan Type <br />Borrower Type <br />Fixed Interest <br />Rate <br />Direct Subsidized Loans and Direct <br />Unsubsidized Loans <br />Undergraduate <br />3.73% <br />Direct Unsubsidized Loans <br />Graduate or Professional <br />5.28% <br />24 2022-2023 Catalog Pacific College <br />