Does FAFSA financial aid run out? What are the limits of financial aid?
Yes, usually there are limits to how much money you can receive in financial aid. Most federal student financial aid and even private student loans have aggregate limits. These total, combined limits cannot be passed. For example, the Federal Stafford Loan comes with the following aggregate limits: $31,000 (Dependent, Undergraduate Borrowing Limits) $57,500 (Independent, Undergraduate Borrowing Limits) $138,500 (Including Graduate/Law & Undergraduate Borrowing Limits) However, the Federal PLUS Loan for graduate students and parents of undergrad students comes with no aggregate limits. More About Parent PLUS Loans Parents can borrow a PLUS Loan to help pay your education expenses if you are a dependent undergraduate student enrolled at least half time in an eligible program at an eligible school. PLUS Loans are available through the Federal Family Education Loan (FFEL) Program and the William D. Ford Federal Direct Loan (Direct Loan) Program. Your parents can get either loan, but not bo
