Federal Loan Question Forum

[TempleU555555]

I know there's a cap as to how much you can take out in your lifetime, RE federal loans.

Does anyone know what this figure is?

[sarahmargie]

138,000, I think.

[20130312]

A handy tool I came across:

http://www.google.com

[TempleU555555]

Ok, cool... thanks!

[bk1]

138,000, I think.

Not true.

I believe that you can take out Grad PLUS loans up to the cost of attendance no matter how much you've taken out before.

[TempleU555555]

138,000, I think.

Not true.

I believe that you can take out Grad PLUS loans up to the cost of attendance no matter how much you've taken out before.

Good to know. Thanks for this!

[TempleU555555]

A handy tool I came across:

http://www.google.com

Too may hits with my search terms, thought TLS = better, quicker route.

[20130312]

A handy tool I came across:

http://www.google.com

Too may hits with my search terms, thought TLS = better, quicker route.

Was the first link for me:

http://www.ifap.ed.gov/dlbulletins/atta ... Attach.pdf

10. How much can I borrow in Direct PLUS Loans?

There are no set annual or aggregate limits. You may borrow up to your full cost of attendance, minus any other financial aid you receive (including
Direct Subsidized Loans, Direct Unsubsidized Loans, scholarships, and certain fellowships).

11. Do Direct PLUS Loan amounts count toward the $138,500 Direct Subsidized/Unsubsidized Loan aggregate loan limit for graduate/professional students?

No. Only Direct Subsidized/Unsubsidized Loans and Federal Stafford Loans (subsidized and unsubsidized) made through the Federal Family Education Loan (FFEL) Program count toward the $138,500 aggregate.

12. Am I eligible for a Direct PLUS Loan if I have reached the $138,500 Direct Subsidized/Unsubsidized Loan aggregate loan limit for graduate/professional students?

Yes. However, if you have exceeded the $138,500 aggregate, you must either repay the excess loan amount or make satisfactory arrangements to
repay it before you can receive

[TempleU555555]

A handy tool I came across:

http://www.google.com

Too may hits with my search terms, thought TLS = better, quicker route.

Was the first link for me:

http://www.ifap.ed.gov/dlbulletins/atta ... Attach.pdf

10. How much can I borrow in Direct PLUS Loans?

There are no set annual or aggregate limits. You may borrow up to your full
cost of attendance, minus any other financial aid you receive (including
Direct Subsidized Loans, Direct Unsubsidized Loans, scholarships, and
certain fellowships).

11. Do Direct PLUS Loan amounts count toward the $138,500 Direct
Subsidized/Unsubsidized Loan aggregate loan limit for
graduate/professional students?

No. Only Direct Subsidized/Unsubsidized Loans and Federal Stafford Loans
(subsidized and unsubsidized) made through the Federal Family Education
Loan (FFEL) Program count toward the $138,500 aggregate.

12. Am I eligible for a Direct PLUS Loan if I have reached the $138,500
Direct Subsidized/Unsubsidized Loan aggregate loan limit for
graduate/professional students?

Yes. However, if you have exceeded the $138,500 aggregate, you must
either repay the excess loan amount or make satisfactory arrangements to
repay it before you can receive

Thanks alot man!