Not exact matches
If the
total loan amount you receive over the course of your education reaches the
aggregate loan limit, you are not eligible to receive additional
loans.
There also are
limits on the amount in subsidized and unsubsidized
loans you may be eligible to receive each academic year (annual
loan limits) and the
total amounts you may borrow for undergraduate and graduate study (
aggregate loan limits).
You can claim tax benefits on
total interest paid (on 2nd
loan) in this FY and principal component too under section 80c subject to
aggregate limit ie Rs 1.5 Lakh.
However, there are
limits on the amount in subsidized and unsubsidized
loans that you may be eligible to receive each academic year (annual
loan limits) and the
total amounts that you may borrow for undergraduate and graduate study (
aggregate loan limits).
If the
total loan amount you receive over the course of your education reaches the
aggregate loan limit, you are not eligible to receive additional
loans.