Sentences with phrase «lifetime student loan limits»
However, if you are not in default, this should not be a problem if you have not exceeded your lifetime student loan limits.
http://www.studentloanborrowerassistance.org/ Not exact matches
The interest rate for Perkins Loans is a fixed 5 %, and undergraduate students may borrow up to $ 5,500 per year with a lifetime limit of $ 27,500.
But dependent undergraduate students are limited to taking out no more than $ 5,500 to $ 7,500 a year in these affordable loans, with a lifetime limit of $ 31,000 while pursuing their bachelor's degree.
The interest rate for Perkins Loans is a fixed 5 %, and undergraduate students may borrow up to $ 5,500 per year with a lifetime limit of $ 27,500.
The total Stafford Loan limit for undergraduate dependent students can not exceed the lifetime limit of $ 31,000; however, in certain circumstances, additional unsubsidized funds may be awarded.
The aggregate, or lifetime limit for dependent undergraduate students is $ 31,000, of which only $ 23,000 can be subsidized loans.
A private lender will have a maximum lifetime loan limit that can be provided to a student from their specific private loan program, but will also have a separate aggregate limit to account for all other federal and private student loans that may have been applied for as well.
The simple answer is that there are annual and lifetime borrowing limits on the most affordable federal student loans.
But dependent undergraduate students are limited to taking out no more than $ 5,500 to $ 7,500 a year in these affordable loans, with a lifetime limit of $ 31,000 while pursuing their bachelor's degree.
Specifically, Federal law sets lifetime limits on the amount of grant and subsidized loan assistance students may receive: Federal Pell Grants may be received only for the equivalent of 12 semesters of full - time attendance, and Federal subsidized loans may be received for no longer than 150 percent of the published program length.
Annual loan limits for Stafford Loans depend on a student's year in school, but there is a lifetime cap of $ 23,000 for dependent undergraduates, $ 46,000 for independent undergraduates, and $ 138,500 for graduate or professional students.
Federal student loans are offered at a fixed interest rate, have specific limits on the amount that can be borrowed each year for undergraduate and graduate school, and a lifetime limit on total borrowing.