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One thing that came up was financial aid, which has got me really worried. One of the students mentioned that those applicants with a previous professional degree will not qualify for federal loans. Does anyone know this to be true?
I'm not 100% on this so you should check it out for yourself, but what I think is that there is a lifetime limit in Stafford loans, once you reach that you are done, but that you can have any limit up to the COA in GradPLUS loans.
So if the stafford lifetime is 240K and you have 100K in debt then you can only borrow 140K once you've reached that limit over the years then the rest of your loans would have to be grad plus...and the yearly limit still applies. So basically you would take out much more in grad plus vs a typical student. This is how I think it works, but once you find out for sure let us know on here so that others will know for sure.