If you need more money for college, you can get additional student loans by submitting the FAFSA, appealing your financial aid award, or applying for private loans. The first step is always to maximize federal loans, which offer lower interest rates and better repayment options. This guide explains the main ways to increase your student loan funding for the 2026-2027 school year.
Start with the FAFSA and Maximize Federal Aid
The Free Application for Federal Student Aid (FAFSA) is the gateway to all federal student loans, grants, and work-study. If you haven’t submitted the FAFSA for the current year, do it as soon as possible. The federal deadline for 2026-2027 is June 30, 2027, but many states and schools have earlier deadlines.
To get more federal loans, you must be enrolled at least half-time in an eligible program. Federal Direct Subsidized and Unsubsidized Loans have annual limits based on your year in school and dependency status. For example, dependent undergraduate students can borrow up to $5,500 in their first year, $6,500 in their second year, and $7,500 in their third year and beyond. Independent students can borrow more, but these are the maximums for dependent students.
If you need more than the annual limit, consider a federal PLUS loan for parents (if your parents are willing to borrow) or a graduate PLUS loan if you are in graduate school. These loans can cover the remaining cost of attendance minus other aid.
Appeal Your Financial Aid Award
If your financial circumstances have changed since you submitted the FAFSA, you can request a financial aid appeal. For example, if a parent lost a job, had a medical emergency, or experienced a natural disaster, the school may adjust your aid package. Contact the financial aid office and ask for a professional judgment review.
You will need to provide documentation, such as tax returns, pay stubs, or a letter explaining your situation. The school has the authority to increase your loans or grants based on the new information. It’s important to make this request as soon as possible because funds are limited.
Consider Private Student Loans
After you’ve exhausted federal loan options, private student loans can fill the gap. Private loans are offered by banks, credit unions, and online lenders. They typically require a credit check and may need a co-signer if you have limited credit history. Interest rates can be fixed or variable, and they are often higher than federal loan rates.
Before you apply, compare offers from multiple lenders. Look at the annual percentage rate (APR), fees, repayment terms, and borrower protections. Some private lenders offer deferment while you’re in school, but interest may accrue. Always read the fine print.
How to Increase Your Loan Amount
Here are actionable steps to get more student loans:
- Submit the FAFSA early and correct any errors to ensure you receive the maximum federal aid.
- Ask your school’s financial aid office about additional loan options, such as institutional loans or emergency loans.
- If your cost of attendance increases (e.g., higher tuition), request a cost-of-attendance adjustment to qualify for more loans.
- Consider borrowing through a parent PLUS loan if your parent has good credit.
- For private loans, add a co-signer with a strong credit history to improve your chances and get a lower rate.
Federal Loan Limits and Deadlines
Below is a table showing the annual federal loan limits for dependent undergraduate students for the 2026-2027 award year. These are the maximum amounts you can borrow in federal direct loans.
| Year in School | Dependent Student Limit | Independent Student Limit |
|---|---|---|
| First-Year Undergraduate | $5,500 | $9,500 |
| Second-Year Undergraduate | $6,500 | $10,500 |
| Third-Year and Beyond Undergraduate | $7,500 | $12,500 |
| Graduate or Professional | Not applicable | $20,500 |
These limits are set by the U.S. Department of Education and are well-known public facts. The FAFSA deadline for the 2026-2027 school year is June 30, 2027, but you should check your state’s deadline as well.
Avoid Common Mistakes
When trying to get more student loans, avoid these pitfalls:
- Borrowing more than you need. Only take out what is necessary to cover tuition, fees, and living expenses.
- Ignoring the terms of private loans. High interest rates can lead to large debt after graduation.
- Missing deadlines. Late FAFSA submissions can reduce your eligibility for state aid.
- Not exploring scholarships and grants first. They are free money and reduce the need for loans.
Final Thoughts
To get more student loans, start with the FAFSA, appeal if needed, and then consider private loans as a last resort. Always compare your options and borrow responsibly. If you have questions, talk to your school’s financial aid office for personalized guidance.
Frequently Asked Questions
Can I get more student loans if I already accepted my award?
Yes, you can contact your financial aid office to request a review or an appeal if your circumstances have changed.
What is the maximum amount I can borrow in federal student loans?
The maximum depends on your year in school and dependency status, but for dependent undergraduates it is $7,500 per year after the second year.
How do I apply for a parent PLUS loan?
Your parent must complete a PLUS loan application on the Federal Student Aid website and pass a credit check.
Are private student loans a good option to get more money?
Private loans can help fill gaps, but they often have higher interest rates and fewer protections, so use them only after exhausting federal options.
What if my school says I’ve reached my loan limit?
You can ask about a cost-of-attendance adjustment or explore alternative loans, but you cannot exceed federal aggregate limits.
