The maximum amount of federal direct loans that can be taken out by graduate students in a single academic year is $20,500. However, factors such as other forms of aid (Urban Teacher Scholarship, Third Party Payments, TEACH grants) will lower the amount that you are able to take out both per semester and per year.
You can calculate how much you are able to take out per term by referencing your award letter and using the following numbers:
These numbers are the average cost of attendance of Relay per semester. Subtracting the amounts in your award letter from these costs will give you your loan eligibility for that term. For example:
A student wants to know how much he is eligible to request in federal direct loans for the Summer and Fall terms. He looks at his award letter and subtracts $4,000 from $7,728 and gets $3,728. This is his maximum Summer eligibility.
His Fall eligibility is different: $17,602 - $2,250 = $15,352.
Later on in the Spring semester, this student realizes he needs as much aid as he can get. However, even though his Spring eligibility is the same as for Fall ($15,352), he has already taken out $19,080 ($3728 in the summer + $15352 in the fall) in aid. This leaves him with only $1420 that he can request for the 2018-2019 academic year.