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Why is the maximum amount of loan money limited?

limited loan maximum money
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Why is the maximum amount of loan money limited?

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Students applying for the Federal Stafford Loan are subject to annual and aggregate loan limits that are based on current major, academic level, dependency status, and length of the academic program. The Federal Family Education Loan Program (FFELP) presets the Stafford Loan limits.

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Students applying for the Federal Stafford Loan are subject to annual and aggregate loan limits that are based on the academic level, dependency status, and length of the academic program. The Federal Family Education Loan Program (FFELP) presets the Stafford loan limits.

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