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What is the maximum loan amount I can borrow in my academic/financial aid year?

April 26, 2017academic borrow financial aid loan maximum year

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What is the maximum loan amount I can borrow in my academic/financial aid year?

2 Answers

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The maximum loan amount a student may be eligible to borrow in a single academic/financial aid year cannot exceed the total Cost Of Attendance (COA) for that specific year. Thus, if the COA for a program in a specific year is $37,000, the student may request loans totaling $37,000. If the student requests loans in excess of this amount, the school will only certify loans up to the amount for which the student is eligible.

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The maximum loan amount a student may be eligible to borrow in a single academic/financial aid year cannot exceed the total Cost Of Attendance (COA) minus Financial Aid for that specific year. Also refer to the loan tab for annual loan limits.