A few days ago
J-Mar

Will the aggregate loan limit ever be extended?

Since 1992, the aggregate maximum loan limit for Stafford loans for undergraduate students has been $23,000 for dependent students, and $46,000 for independent students.

I am an independent student. I’ve been in school on and off over the last several years, and I haven’t graduated yet for many reasons. But over those years, tuition has gone up by a few thousand dollars since I first started, but the aggregate maximum amount remains the same. Does anyone think the government will raise the aggregate loan limits anytime soon to keep up with increasing tuition prices? Or does anyone know of any government plans already in place to do so?

Also, can anyone tell me if the federal or state governments are doing anything else to offset annual tuition increases across the country? Maybe such as increasing grant amounts or maybe offering other loans that do not require co-signers or co-makers? Thanks to anyone who can help.

Top 1 Answers
A few days ago
PlasticTrees

Favorite Answer

Grant’s have gone up, base limits.. I’m unsure of. Just this past spring (pell) grants were $2020 per semester. Now it’s about $2200.

Supposedly the Dem’s want to work on this issue in the next presidential election.

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