If you've met your limit for governent loans in undergrad, can you barrow more for graduate school?

Question

If so, what's the limit for grad school?

Answer 1

In the spectrum of educational funding, scholarships and grants are the "free money." These awards do not need to be repaid. In general, scholarships are given based on merit and grants are given based on financial need. They may be awarded based on need, or excellence in academics or other areas, or on a combination of both. The aid may be given by the federal or state government.

Many scholarships awarded to University students have separate processes, deadlines, eligibility criteria, and application forms. The resource links provided here will introduce you to a wide spectrum of possibilities available from the University and numerous other philanthropic agencies, organizations, and individuals.

Now the question is that how college funding works, the types of scholarships available, how to find them and how to apply for them. That’s pretty standard issue for a website about scholarships, although we think if you’ll pardon us saying so, that we’ve done an excellent and job of being comprehensive and readable. Here’s what’s different.

Scholarships are the ideal form of student aid, as they're basically gifts that never have to be repaid. On the other hand, student loans must be repaid, but they're made at very low interest rates, and you're usually you're not required to begin repayment until six months after you graduate. Some student loans require you to prove financial need, but some of them don't. Many students turn to student loans as a method to pay for college. Basically, if you cannot get access to the free money you have to borrow it in the form of a student loan.

http://loan--house.blogspot.com/search/l...

Answer 2

The aggregated limits for a Grad Student is much higher that an initial Bachelor's program.  However, the agg. limit varies for schools based on ranking and CoA.  You will need to speak with your Financial Aid Officer to determine your school's specific limits.  Good Luck!

Answer 3

Why in the world would you want to keep borrowing money you're not going to be able to pay?  Your actions are no different than those people who took the ARMs and have now lost their homes.  You'll wind up paying your school loans for years and what if you don't get that job you're hoping you land?  What if you're like so many other college students these days who feel they are entitled to high end jobs, but end up at Wal-Mart?