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I am an undergraduate student. I have about $25, 000 in student loans. I graduate this December, but will have two do an additional two years of Post-Bacc program to apply to a professional school.
Does anyone know what the max amount of Student loans we can borrow as a student??? IDK if I can pay back all $25, 000 of deferred student loans before I apply to a professional school. I am working part time to pay back as much as I can starting this Fall.
I just need any advice because I don't want my credit score and student loans negatively impacting me from getting into a professional school. Not sure if professional schools need you to pay off all your debt before getting considered for a larger loan?
My tuition for professional school alone is $40,000 ish a year x4 yrs. + residency.
If anyone has had this experience, please help.
Thanks in advance!
fed loans for undergrad range from 31k (depend student) to 57,500 (indep student) for grad/professional school its upto 138,500 (including the undergrad, so about 81-107k ), I know that a lot of professional school, ie medical/law also can recieve private loans.
Loan info was on studentaid.ed.gov (one of the offical federal gov websites)
a side note, i'm not sure how this plays into pre-professional schools. I would ask your student aid department at this in between school/ and at the professional school. from my experience (only a student with multiple undergrad and currently a grad student) they don't pay for second bacc degrees, which the pre professional degree may be looked at as a "second" bacc degree.
so again check with your student aid department at all future schools.