The Direct Loan Limit Warning is posted on the Finances tab of
My ASU when Financial Aid and Scholarship Services receives notification from the U.S. Department of Education that you may be close to reaching or exceeding your Direct Loan limits. Financial Aid and Scholarship Services will review your loan history to determine your current and future eligibility for Federal Direct Loans.
This Priority Action
does not hold the disbursement of your grants and loans. You will still be able to receive disbursements on awards already accepted while the Direct Loan Limit Warning is being processed.
The amount of Direct Loans you are allowed to borrow over your college career is set by the U.S. Department of Education. Annual and lifetime limits can be found on the
Federal Student Aid website.
It is a good idea to monitor the amount of Direct Loans you have received to make sure you remain under the limits. You can view your Direct Loan borrower history at the
National Student Loan Data System website. To log in, you will need your
FSA ID.
If after reviewing your Direct Loan Limit it is determined you have exceeded your limits, Financial Aid and Scholarship Services will reduce or cancel your Direct Loan, which may create a bill, in order to avoid awarding you loans over the federal limits.
Related Article: What Is Loan Exit Counseling? 
