Hi-
I posted this in the pre-dental forum and not one person answered. So I though I would give it a shot here. I read in my SARs report that since I have about $19,000 of outstanding loans from undergrad that my grad loans were going to be "limited". Has anyone else had this happen? How much is limited? Does that mean I will get $19,000 less than what I would have been awarded? What can I do about this? What are my options and choices?
Thanks guys

Hi-
I posted this in the pre-dental forum and not one person answered. So I though I would give it a shot here. I read in my SARs report that since I have about $19,000 of outstanding loans from undergrad that my grad loans were going to be "limited". Has anyone else had this happen? How much is limited? Does that mean I will get $19,000 less than what I would have been awarded? What can I do about this? What are my options and choices?
Thanks guys
Here you go:
FEDERAL STAFFORD LOAN

The COMBINED amounts borrowed under the Stafford and Unsubsidized Stafford loan programs cannot exceed the following annual loan limits:

INDEPENDENT STUDENTS:
Graduate/Professional - $18,500

A student is eligible for a new loan maximum every academic year up to the following aggregate loan limits:
$138,500 - Graduate/Professional

This means that you can borrow up to $138,500 combined in Stafford Loans in your whole academic career. If you already have borrowed $19,000 in Stafford Loans, that means you can only borrow another $119,500 in Stafford loans throughout your four years in dental school.

There are other loans that will be available to you if you run out of Stafford eligibility.

I wouldn't worry about it. Many students are going to be carrying Stafford Loan debt into dental school and you're probably on the low end for people that actually have debt.

thanks so much for the response!! anyone have ideas as to other loans to apply for?