Maximum student loans vs. cost of attendance
Posted: Thu Apr 19, 2012 8:08 pm
On the federal loan website, I read that the maximum amount of student loans was around 130,000. On a few other websites, I read that the maximum was $130,000, including federal/private loans. This number is the total amount for both undergrad and grad loans.
BUT cost of attendance is about $70,000/ year at a private law school (such as cornell or harvard), coming to about $210,000 total. If I don't get any scholarships or grants, that would mean I'd have to supply/work for roughly $80,000 throughout the course of 3 years.
What happens if you max out on loans and can't earn $80,000 during the 3 years? Have I been reading the websites wrong - is 130,000 the maximum for a certain federal loans, but not all? For people whose parents aren't able to contribute (0 EFC), what were your experiences in affording law school? Any other advice?
BUT cost of attendance is about $70,000/ year at a private law school (such as cornell or harvard), coming to about $210,000 total. If I don't get any scholarships or grants, that would mean I'd have to supply/work for roughly $80,000 throughout the course of 3 years.
What happens if you max out on loans and can't earn $80,000 during the 3 years? Have I been reading the websites wrong - is 130,000 the maximum for a certain federal loans, but not all? For people whose parents aren't able to contribute (0 EFC), what were your experiences in affording law school? Any other advice?