Federal student loan limits for undergraduates U.S. 2023, by year and dependency
As of 2023, the annual federal student loan limit for dependent undergraduate students in their first year of school in the United States was 5,500 U.S. dollars. In comparison, independent undergraduate students in their first year of school could borrow up to 9,500 U.S. dollars for their first year of school. A student's dependency status is reliant upon whether or not they are financially supported by their parents.
