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How Much to Borrow?

Discussion in 'Financial Aid' started by Dr JPH, Feb 27, 2002.

  1. Dr JPH

    Dr JPH Banned Banned 10+ Year Member

    5,910
    29
    Feb 4, 2000
    I have been told by a few people that I should take out the maximum Stafford allows.

    I figure after tuition and things, I should have enough left over to cover all living expenses.

    So...do most people take out the maximum, get the debt, and pay it off?
     
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  3. lilycat

    lilycat Moderator Emeritus 10+ Year Member

    2,774
    4
    Aug 12, 2000
    ???
    The general "rule" is to "only borrow what you need."

    However, most students that I know, who aren't being subsidized by family, borrow the max. the first year, and use that to guage how much they really "need." If you can survive on less than you have borrowed, you can always return some of it, or take less the following semesters.
     

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