Loans Help!

[JennaK]

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Alot of the SDN'ers have stated that federal stafford loans can be borrowed up to 189,500. So my question is....Is this correct? Is there a federal financial aid site I can find this information on (because I'am not finding it), and when stating that the limit is 189,500 is that principle balance or all interest etc. acquired on it as well?

 

[pjv2410]

Alot of the SDN'ers have stated that federal stafford loans can be borrowed up to 189,500. So my question is....Is this correct? Is there a federal financial aid site I can find this information on (because I'am not finding it), and when stating that the limit is 189,500 is that principle balance or all interest etc. acquired on it as well?

I believe the actual amount is $189,125. That includes only the principle and includes any Stafford loans that you received as an undergrad. I don't know if there is a federal website that confirms this, but you'll find that number at most school's fin. aid websites as well as this article from the AAMC:

http://www.aamc.org/advocacy/library/educ/ed0001.htm

 

[JennaK]

Thanks alot, I really appreciate the site info as well🙂