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Loan Charts
Loan Charts
Federal Direct Loans 2024-2025
The chart below indicates who is eligible to receive which type of loan, including the interest rate, loan fee, and grace period.
Subsidized Loan | Unsubsidized Loan | PLUS Loan | |
---|---|---|---|
Who Is Eligible? | Undergraduate & Credential Students | Undergraduate, Credential, & Graduate Students | Graduate Students & Parents (of Dependent Students) |
Interest Rate | 6.53% | 6.53% Undergrad & Credential 8.08% Graduate | 9.08% |
Loan Fee | 1.057% | 1.057% | 4.228% |
Grace Period | 6 months | 6 months | 60 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
Dependent | Independent | |
---|---|---|
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) |
Masters* & Doctorate* | N/A | $20,500 Total (only unsubsidized) |
*Student is considered Independent by Definition
Lifetime Limits
Dependent | Independent | |
---|---|---|
Undergraduate, 2nd Bachelors, & Credential | $31,000 Total (up to $23,000 subsidized) | $57,500 Total (up to $23,000 subsidized) |
Masters & Doctorate | N/A | $138,500 Total (up to $65,500 subsidized) |