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Maximum Limits for Pell Grant and Loans

There are limits on the amount of Subsidized, Unsubsidized, and Pell Grant funds you can receive in a given year and degree program.

Annual and Lifetime Loan Limits

Federal unsubsidized and subsidized loan limits are based on your dependency status and academic class level/student classification. Once you meet or exceed the amounts set by the government we cannot award any more federal loans to you.

Check your current loan balances on myBoiseState under “My Account” or log in with your FSA ID at the National Student Loan Data Center (NSLDS) website.

Dependent StudentIndependent Student
Annual LimitLifetime Limit
Annual Limit
Lifetime Limit
First Year Undergraduate
(Max $3,500 in subsidized loans)
(Max $23,000 in subsidized loans)
(Max $3,500 in subsidized loans)
(Max $23,000 in subsidized loans)
Second-Year Undergraduate
(Max $4,500 in subsidized loans)
(Max $4,500 in subsidized loans)
Junior / Senior
Second Undergraduate

Third Year and Beyond
(Max $5,500 in subsidized loans)
(Max $5,500 in subsidized loans)
(Unsubsidized Only)
(Max $65,500 in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study)

Pell Grant Limits

Federal Pell Grants are awarded annually based on financial need, enrollment, and cost of attendance. Amounts can change yearly.

      • The maximum Federal Pell Grant award is $6,895 for the 2022–23 award year (July 1, 2022, to June 30, 2023).
  • The Pell Grant is available for undergraduate students seeking their first bachelor degree for up to the equivalent of six full-time years of funding. Learn more about the limit and how usage is calculated.
  • The National Student Loan Data Center (NSLDS) website can provide your current Pell Grant usage percentage.