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Interest rates
Direct Subsidized Loans for undergraduates with a first disbursement date between July 1, 2011, and June 30, 2012:
3.4%
Direct Subsidized Loans for graduate students and Direct Unsubsidized Loans for all students:
6.8%
Direct PLUS Loans:
7.9%
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Loan Categories
available types of loans
Direct Subsidized
What is a Direct Subsidized Loan?
Direct Unsubsidized
What is a Direct Unsubsidized Loan?
Direct ParentPLUS
What is a Direct ParentPLUS Loan?
Direct GradPLUS
What is a Direct GradPLUS Loan?
Private Loan
What is a private loan?
other us federal loan information |
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There are a number of other programs including Pell Grants and Perkins Loans that may be available under the same US legislation of Title IV. However, these can not be awarded to students studying outside the United States. Eligible students may, however, defer the repayment of these loans while attending Victoria University of Wellington. |
direct loan borrowing limits |
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Annual Borrowing Limits for Dependent Undergraduate Students
| Grade Level | Combined Base Limit for Subsidized & Unsubsidized Loans | Additional Limit for Unsubsidized Loans | Total Limit for Unsubsidized Loans (minus subsidized amounts) |
| First-Year Undergraduate (Freshman) | $3,500 | $2,000 | $5,500 |
| Second-Year Undergraduate (Sophomore) | $4,500 | $2,000 | $6,500 |
| Third-Year and Beyond Undergraduate (Junior, Senior) | $5,500 | $2,000 | $7,500 |
Annual Borrowing Limits for Independent Undergraduate Students
| Grade Level | Combined Base Limit for Subsidized & Unsubsidized Loans | Additional Limit for Unsubsidized Loans | Total Limit for Unsubsidized Loans (minus subsidized amounts) |
| First-Year Undergraduate (Freshman) | $3,500 | $6,000 | $9,500 |
| Second-Year Undergraduate (Sophomore) | $4,500 | $6,000 | $10,500 |
| Third-Year and Beyond Undergraduate (Junior, Senior) | $5,500 | $7,000 | $12,500 |
Annual Borrowing Limits for Graduate or Professional Students
| Grade Level | Combined Base Limit for Subsidized & Unsubsidized Loans | Additional Limit for Unsubsidized Loans | Total Limit for Unsubsidized Loans (minus subsidized amounts) |
| Graduate or Professional | $8,500* *Not available after July 1st 2012. Refer here. |
$12,000 | $20,500 |
Lifetime Borrowing Limits
| Grade Level | Combined Base Limit for Subsidized & Unsubsidized Loans | Additional Limit for Unsubsidized Loans | Total Limit for Unsubsidized Loans (minus subsidized amounts) |
| Dependent Undergraduate Students (whose parents were not denied a PLUS loan) | $23,000 | $8,000 | $31,000 |
| Independent Undergraduate Students (and dependent students whose parents were denied a PLUS loan) | $23,000 | $34,500 | $57,500 |
| Graduate or Professional | $65,000 | $57,500 | $138,500 |