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How much will I be able to take out in Federal Student Loans?

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If you are eligible for Federal Student Loans such as the Direct Subsidized or Direct Unsubsidized Loans the school will determine how much you are eligible to take out. This amount will be no more than the following:

First Year Undergraduate $5500; no more than $3500 in subsidized loans 
Second Year Undergraduate $6500; no more than $4500 in subsidized loans
Third Year and Beyond Undergraduate $7500: no more than $5500 in subsidized loans

For more information check out the Studentaid.gov website.