Below is a basic overview of undergraduate financial aid limits. Loan limits are different for dependent and independent students. Read how dependent/independent status is determined for federal financial aid on the FSA website.

Students are encouraged to closely monitor their federal aid usage on the nslds.ed.gov website. These yearly and aggregate maximums cannot be appealed once they are reached. More information on federal grants and loans may be found on the FSA website.

Grant Limits

Pell Grant: maximum of 6 years (18 terms/12 semesters).

Based on the Congressional approval of year round Pell, students may now receive up to 150% of their Pell eligibility in a single year. This means, starting in 17/18, a student at OSU may be eligible to receive a fulltime Pell Grant for all 4 terms of the academic year. Terms in which a student is attending less than halftime (fewer than 6 credit hours) may not be counted towards this additional eligibility.  Please keep in mind that lifetime Pell eligibility has not changed.

More information on how Pell Lifetime Eligibility Usage (LEU) is calculated may be found on the FSA website.

Oregon Opportunity Grant (OOG): maximum of 4 years

More information about OOG eligibility may be found on the OSAC website

Yearly Undergraduate Ford Direct Loan Limits

Dependent student: maximum of $5,500, freshman, $6,500 sophomore, $7,500 junior/senior

Independent student: maximum of $9,500 freshman, $10,500 sophomore, $12,500 junior/senior

Aggregate Ford Direct Loan Limits (combined maximum for all years of seeking an undergrad/post-bacc degree)

Dependent student: maximum of $31,000

Independent student: maximum of $57,500

*There are additional limits on Ford Direct subsidized loans. More information on loan limits

may be found on the FSA website 

*Dependent student loan maximums may increase to match the independent amounts in cases where the parent is credit denied for the parent plus loan for that aid year. After a parent is credit denied for that year, the student may request an increase by submitting a student loan revision form

Maximum Timeframe

The credit hour maximum timeframe (MTF) is an additional limitation beyond the federal aggregate aid maximums. Your MTF is 150% of the published time it takes to complete your first degree. For example, a Bachelor’s Degree that requires 180 credit hours has a MTF of 270 credits. Federal aid eligibility ends once the MTF is reached. There is an appeal process for students who are reaching MTF and meet certain criteria. More information about appealing for maximum timeframe may be found on the Satisfactory Academic Progress section of our website. Unfortunately, appealing for an MTF extension does not impact the federal aggregate aid limits. Once the aggregate limits are reached a maximum timeframe extension would have no impact on extending federal aid eligibility.