Karen or Laura, whats the maximum amount of money MBA LOANS can provide students over the course of their graduate business degree?
Kurtz: Sallie Mae encourages borrowers only to borrow what they really need. Borrowers eligible to receive Stafford Loans can borrow up to $18,500 each year, and the aggregate education limit is $130,500, as determined by U.S. Congress. To qualify for the Stafford Loan, you must be a U.S. citizen or noncitizen (with) permanent-resident status, and attending (university) at least half-time. Borrowers for the MBA LOANS private loan can borrow up to the cost of the education determined by your school, minus other aid received. To qualify for the MBA LOANS private loan, you must be a U.S. citizen, a noncitizen permanent resident, or an international student who applies with a credit-worthy co-borrower who is a U.S. citizen or noncitizen permanent resident. The aggregate education-loan limit on the private loan without a co-borrower is $175,000. With a co-borrower, there isn’t any limit. On the private loan, borrowers can also be attending part-time. Richards: The amount that you can borrow
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