Understanding Fin Aid & Loans (please help)

[ssandedoc]

I've posted about this in pre-DO and the DO forums and have received some help.

Here are my questions:
1. What is the MAX amount of undergraduate debt that can be incurred through student loans through a private lender aka non-gov?

2. What is the MAX Stafford loan amount for an undergrad?

3. What is the MAX student loan amount through a private lender for professional school like DO school?


I ask these questions because I need to buy a used car and was going to take out a personal student loan to pay for it. I just don't want to max out or hurt myself in the long run when I need money on down the line for med school.

My current debt is about $3500, and I'm starting my junior year this Summer.

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[mpp]

1. up to the cost of going to school (which includes tuition, fees, room and board).
2. depends on if your parents (or someone else) files you as a dependent.
If they do you can borrow a maximum of $3,500 per year or $23,000 aggregate maximum.
If they do not you can borrow a maximum of $7,500 per year or $46,000 aggregate maximum.
or up to the cost of going to school.
3. up to the cost of attending the school.

 

[ssandedoc]

1. up to the cost of going to school (which includes tuition, fees, room and board).
2. depends on if your parents (or someone else) files you as a dependent.
If they do you can borrow a maximum of $3,500 per year or $23,000 aggregate maximum.
If they do not you can borrow a maximum of $7,500 per year or $46,000 aggregate maximum.
or up to the cost of going to school.
3. up to the cost of attending the school.

Thanks for the help, they file me as a dependent so I guess more stuff to consider.