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What is the maximum student loan?

Updated: 8/17/2019
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14y ago

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Up to a million $$ if you study medicine. however, your borrowing capacity is also a major factor.

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14y ago
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The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.


The maximum amount of direct stafford loan money a student can obtain is?

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Federal Student Loan Limits?

Federal student loan limits are based upon financial need and year in college. The following loans are available:Stafford dependent undergraduate student loansFirst year total $5,500, maximum of $3,500 in subsidized loansSecond year total 6,500, maximum of $4,500 in subsidized loansThird year, juniors and seniors total of $7,500, maximum of $5,500 in subsidized loansPreparatory course for undergraduate program - $2,625 subsidized loans onlyPreparatory course for professional program -$5,500 subsidized loans onlyTeacher certification -$5,500 subsidized loans onlyTotal maximum loan limit for dependent undergraduate students may not exceed $31,000, with a maximum of $23,000 in subsidized loans.Stafford independent undergraduate student loans:First year - $9,500, maximum $3,500 in subsidized loansSecond year - $10,500, maximum $4,500 in subsidized loansThird year, juniors and seniors - $12,500, maximum $5,500 in subsidized loansPreparatory course for undergraduate program - $8,625, maximum $2,625 in subsidized loansPreparatory course for professional program -$12,500, maximum $5,500 in subsidized loansTeacher certification -$12,500, maximum $5,500 in subsidized loansTotal maximum loan limit for independent undergraduate students may not exceed $57,500, with a maximum of $23,000 in subsidized loans.Stafford graduate and medical student loansGraduate students -$20,500 with a maximum $8,500 in subsidized loans. Total maximum loan limits - $138,500, with a maximum $65,500 in subsidized loans Medical students - $40,500 with a maximum $8,500 in subsidized. Total maximum loan limit of up to $224,000, with a maximum $65,500 in subsidized loans.Perkins Subsidized LoansThe school acts as the lender and uses funds that are provided by the federal government for students who demonstrate an exceptional financial need. Amounts are determined by the student's financial aid office. Maximum limits per year for undergraduate students are $5,500 and $8,000 for graduate students. The total maximum loan limit amount is $27,500 for undergraduate students and $60,000 for combined undergraduate and graduate loans.Graduate and professional student PLUS loansThe PLUS loan is available for students or their parents on the student's behalf. The loan limits are based upon the student's cost of attending school less any other financial aid they receive.


what is a student loan grant?

what is a student loan grant?


What are the advantages of a Standard student loan?

What is a "Standard" student loan?


Can you sill get a student loan if your in deferment on another student loan?

Yes.


Can you get a student loan if one of your parents is in default on their student loan?

Yes.


What is the maximum amount of federal student aid for a graduate student?

The maximum amount of federal student aid for a graduate student is typically the annual direct unsubsidized loan limit of $20,500. However, certain graduate and professional degree programs may have higher loan limits. Additionally, graduate students may also be eligible for federal work-study programs and other scholarships or grants.