Types of Loans and Amounts

The amount that you are eligible to borrow in each academic year is assessed by your grade level; whether you are a dependent or independent student; and your financial need and cost of attendance.

The following loan types are offered:

  • Subsidized: for undergraduate students with demonstrated financial need as determined by USDE regulations. 
  • Unsubsidized: not based on financial need and both undergraduate and postgraduate students can apply.
  • PLUS: graduate/professional students and parents of dependent undergraduate students can apply for the Graduate or Parent PLUS loan.  

Subsidized and unsubsidized loans are capped and have maximum limits.

Most postgraduate students will borrow the first $20,500 through the unsubsidized loan and top up borrowing through the PLUS loan.

Detailed information can be found here:- https://studentaid.ed.gov/types/loans/subsidized-unsubsidized.