Hey guys,
I searched all over and I couldn't find a concrete answer - What is the annual limit, in dollars, that I can take out in federal (sub and unsubbed) loans? Assuming I'm an independent 24 y/o.
Anyone?
>>1452182
It's not based on a limit. It's based on what your school costs, and it is disbursed directly to the school. So whatever your get rich quick scheme is where you draw more school money then you need and play investor while you're in school is not plausible.
It's also based on your need, which is a figure created when they assess your family's possible contribution after looking over everybody's financial records. Do not try to defraud them, they will find you.
>>1452218
No, that isn't why I was asking. My school is going to be 22k/semester and I'm going to need a little more so that I could cover some living costs. (I'm in San Francisco) That is why I am asking. I just frequent this board which is why I'm asking here.