Office of Financial Aid

University of Mississippi

Exceeding Loan Limits

When you submitted your Free Application for Federal Student Aid (FAFSA), the National Student Loan Data System (NSLDS) reported that you may have received Federal Direct Loans in excess of your annual or aggregate Federal Direct Loan eligibility established for the federal loan programs based on your grade level and dependency status.

Based on the above information we will not award you federal aid. If you feel this is incorrect,  please contact our office at 800-891-4596 for further assistance.

Below are the maximum annual and aggregate Federal Direct Loan amounts that may be borrowed based on grade level and dependency status.

DEPENDENT Undergraduate Freshman Sophomore Junior Senior
Maximum Subsidized $3,500 $4,500 $5,500 $5,500
Unsubsidized $2,000 $2,000 $2,000 $2,000
Total Federal Direct Loans $5,500 $6,500 $7,500 $7,500

 

INDEPENDENT Undergraduate Freshman Sophomore Junior Senior Graduate Student
Maximum Subsidized $3,500 $4,500 $5,500 $5,500 $8,500
Unsubsidized $6,000 $6,000 $7,000 $7,000 $12,000
Total Federal Direct Loans $9,500 $10,500 $12,500 $12,500 $20,500

 

Aggregate Limits Dependent Undergraduate Independent Undergraduate Graduate Students
 Maximum Subsidized $23,000 $23,000 $65,500
Unsubsidized $8,000 $34,500 $73,000
Aggregate Federal Direct Loans $31,000 $57,500 $138,500