Graduate Student Loan Limits: How Much Can You Get?

By Brandi Lucey. May 16, 2025 · 6 minute read

This content may include information about products, features, and/or services that SoFi does not provide and is intended to be educational in nature.

Graduate Student Loan Limits: How Much Can You Get?

The lifetime graduate student aggregate loan limit for subsidized and unsubsidized federal loans is $138,500. Of this amount, no more than $65,500 can be in subsidized loans. This is the aggregate limit that includes loan amounts borrowers use to pay for undergraduate and graduate studies.

The lifetime graduate student aggregate loan limit for Subsidized and Unsubsidized federal loans is $138,500. Of this amount, no more than $65,500 can be in subsidized loans. This is the aggregate limit that includes loan amounts borrowers use to pay for undergraduate and graduate studies.

Students could also borrow private student loans, which could potentially increase the amount of student loans an individual could borrow. Continue reading for more details on the different types of student loan limits.

Key Points

•   Graduate students are considered independent and have a lifetime loan limit of $138,500 for federal subsidized and unsubsidized loans.

•   No more than $65,500 of this amount can be in subsidized loans.

•   Annual limits for Direct Unsubsidized Loans for graduate students are set at $20,500.

•   Direct PLUS Loans for graduate students can cover up to the full cost of attendance minus any other financial aid received.

•   Private student loans vary by lender but generally do not exceed the cost of attendance.

Federal Student Loan Limits

Students can apply for federal aid to help fund graduate school. Students are encouraged to fill out the FAFSA® (Federal Application for Federal Student Aid) to see if they qualify for help. Graduate requirements of FAFSA are similar to those for undergraduate students. Eligibility for federal aid is based on a student’s income, among other factors, so not everybody will be eligible for all types of aid.

As mentioned, the lifetime aggregate limit for Subsidized and Unsubsidized student loans is $138,500 for graduate or As mentioned, the lifetime aggregate limit for subsidized and unsubsidized student loans is $138,500 for graduate or professional students. Of this amount, no more than $65,500 can be in subsidized loans. This is the aggregate limit, so it does include student loans borrowed during undergraduate study.
students. Of this amount, no more than $65,500 can be in subsidized loans. This is the aggregate limit, so does include student loans borrowed during undergraduate study.

Limits for Direct Unsubsidized Loans and Direct PLUS Loans are outlined below.

Direct Unsubsidized Loans

Graduate students cannot receive Direct Subsidized Loans. Direct Subsidized Loans are only available to undergraduate students who show financial need. If students took out these loans as undergraduates, that amount will be included in the lifetime limit of federal loans they’re allowed to receive.

For Direct Unsubsidized Loans, the annual limit is $20,500. All graduate or professional students are considered independent for this loan. Unsubsidized loans aren’t dependent on students demonstrating financial need. The schools will decide how much students receive based on their annual costs and how much aid they’re receiving from other sources.

Direct PLUS Loans

Graduate students with eligible credit can also take out Direct PLUS Loans, issued by the U.S. Department of Education. These loans have an annual limit of the cost of attendance, subtracting any other aid that is received.

Private Student Loan Limits

After exhausting federal aid, students can turn to private student loans if needed. Private student loans are issued by banks, credit unions, and online lenders. These loans typically require a credit check and may have variable interest rates.

The maximum amount that students can borrow with a private student loan will depend on the lender. Usually, they won’t lend students more than it costs to attend school.

The cost of attendance is an estimate of tuition and fees, books and supplies, living expenses, transportation, and other miscellaneous expenses. The estimate can also include dependent care, study-abroad programs, and costs related to disabilities.

Recommended: Private Student Loan Guide

Graduate Student Loans vs Undergrad Student Loans

Undergraduate students may be eligible for Direct Subsidized Loans. The government covers the interest that accrues while a student is enrolled at least half-time in school. Graduate students are not eligible for this loan type.

Direct Unsubsidized Loans are available to both graduate and undergraduate students. The undergraduate student federal loan has a lower interest rate than the unsubsidized loan for graduate students. Undergrads have an interest rate of 6.53% for the 2024-25 school year, while it is 8.08% for graduate students.

Direct PLUS Loans are available for graduate students. Only undergraduate students who are considered independent, or whose parents are unable to obtain PLUS Loans, may be eligible to borrow a PLUS Loan.

Graduate School Resources

Be sure to fill out your grad school FAFSA to see if you qualify for federal aid. In addition to federal student loans, graduate students may be eligible for grants and scholarships.

Grants and Scholarships

When students submit their FAFSA, their eligibility for certain grants will be considered. The school may also have information on local or institutional-based grant programs.

Grad students also have the option of doing a graduate assistantship, where they teach or work on research under the supervision of a professor. Assistantships sometimes pay a stipend or provide benefits like housing. Students can check with their schools to see if that option is available to them.

Scholarships and fellowships are also available to help pay for graduate school. There are many ways students can go about finding and applying for grad school scholarships. Students can check with their school’s financial aid department, or even the department they’re studying under, to see what is available.

There’s usually a wide variety of scholarships available from various sources, including schools, employers, companies, and nonprofit organizations. Scholarships can be either merit-based or need-based, so the eligibility will vary.

Recommended: Scholarship Search Tool

The Takeaway

The aggregate limit for unsubsidized and subsidized loans for graduate students is $138,500, of which no more than $65,500 can be in subsidized loans. For the PLUS Loan, the annual borrowing limit is no more than the cost of school minus other forms of financial aid. Limits for private student loans may vary by lender but, generally, a private lender will not let you borrow more than the cost of attendance.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.


Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

What is the lifetime borrowing limit for federal student loans for graduate students?

Graduate and professional students have a lifetime aggregate borrowing limit of $138,500 for federal Direct Subsidized and Unsubsidized Loans, which includes any loans borrowed during undergraduate studies.

How much of the $138,500 federal loan limit can be in subsidized loans?

No more than $65,500 of the $138,500 aggregate limit can be in subsidized loans. However, it’s important to note that subsidized loans are no longer available to graduate students.

Can private student loans help cover costs beyond federal loan limits?

Yes, private student loans can be used to cover education expenses that exceed federal loan limits. However, borrowing limits for private loans vary by lender and typically cannot exceed the total cost of attendance.


SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.


Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

SOISL-Q225-035

TLS 1.2 Encrypted
Equal Housing Lender