what is the maximum loan amount for a first year dependent student
If you're a dependent undergraduate student, each year you can borrow up to: 1  $5,500 if you're a first-year student enrolled in a program of study that is at least a full academic year. 2  No more than $3,500 of this amount may be in subsidized loans.
Advantage: Unsubsidized Loan – Amount You Can Borrow. You can borrow more money if you're getting a Direct Unsubsidized Loan: For the 2015-2016 school year, first-year students who qualify for a subsidized loan may only borrow $3,500, regardless of whether they are claimed as dependents on another tax return or not.