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Student Loan Amounts

James Said:

Is it difficult to increase your student loan amount?

We Answered:

It doesn't hurt to try...but with my experience I was denied. I took out a 10,000 dollars loan, then when I found out the company I signed a contract with said they were going to pay up to 12,000 dollars of student loan for me, I asked my school if I could get another 2,000 dollars. They said no because the amount I am awarded is based on my estimated expenses; however they said if I really needed the money I could try applying at a bank...but I had no I didn't get the 2,000 loan.

Todd Said:

is the interest that has been capitalized on student loans count toward your total loan amount allowed?

We Answered: - it provides some tips about applying to US federal and state grants for college students.

Kelly Said:

Anyone else have high student loan amounts?? :(?

We Answered:

over 100k............

Allen Said:

Does my academic process affect my student loan amount?

We Answered:

If you fail a class, financial aid will not cover it. That's all you need to worry about for now. Just focus on getting your grades up :-)

Cassandra Said:

what is the total student loan amount you can get to complete grad school?

We Answered:

There are many different types of financial aid/loans. Private loan (banks and such) limits will mostly depend on your credit history, but having previous loans will affect your loan amount and interest.

I will be attending MSU for grad school, so I am giving one of their links about this information. I am pretty sure this applies to government loans anywhere, so it should also apply to you:

More specifically, the Stafford loan limits:

From looking at their amounts, you should be fine. I would talk with your school's financial aid department, or look at their online website.

Hope this helps!!

Florence Said:

Is it true that the government reduced student loan amounts?

We Answered:

In the US, FEDERAL student loans have not been reduced, at least not recently. You are still eligible for the same loan amounts (depending on your grade level and dependency) as last year.

Pell Grant money has increased since last year.

What may have changed is your state's financial aid. In my state the grant money has been lowered dramatically and may even be non-existent next year. But this varies from state to state.

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