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Max amount for school???

Frequent Contributor

Max amount for school???

hello everyone, i was wonder if there was a max in the amount of loan money from the fed that a first time college student can take out.

Message Edited by shyboy on 06-22-2008 09:10 PM
-------------------------------------------------------------------------------------------------Getting back in the credit game after major setbacks
Message 1 of 5
4 REPLIES
Moderator Emeritus

Re: Max amount for school???

There is..  but  I don't remember what it is.  I DO remember that I managed to reach it, tho.  LOL
 
If you go on either the school's website or the fed's website you should be able to find the max amt based on school status.
 
(I topped out with undergrad funding while working on my MS, while not truly admitted to a graduate degree program -- just licensing only.)
~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Message 2 of 5
Frequent Contributor

Re: Max amount for school???

For a freshman it is $5500, $3,500 between subsidized and unsubsidized, plus an additional $2,000 unsubsidized
Ex-Financial Aid Officer

Ex-Student Loan Collector
Message 3 of 5
Frequent Contributor

Re: Max amount for school???

thank you everyone. This is crazy. It's better then nothing but this is crazy, going to school these days cost alot and thats all they can mange to give. So now the student have to come up with the rest of the cost??
-------------------------------------------------------------------------------------------------Getting back in the credit game after major setbacks
Message 4 of 5
Highlighted
New Visitor

Re: Max amount for school???

$44,000 for undergrad
 
They are planning on increasing this amount on 7/1/08
Message 5 of 5