Some lenders also impose lifetime borrowing limits, which may be up to $150,000 or more, depending on your degree. In general, private student loan lenders offer loan amounts that cover the gap between a school’s cost of attendance and any other financial aid a student receives. Each lender also sets its own borrowing criteria, interest rates and repayment terms. Loan amounts for private student loans vary by lender. Parent PLUS loans: Up to the school’s reported cost of attendance, minus other financial aid received.Parents of dependent undergraduate students: Direct PLUS Loans: Up to the school’s reported cost of attendance, minus other financial aid received.Direct Unsubsidized Loans: Up to $20,500 annually.Direct Unsubsidized Loans: Up to $12,500 annually.Direct Subsidized Loans: Up to $5,500 annually.Federal student loan amounts Undergraduate students: The loan amount you’re offered might also be limited based on your academic year (freshman, sophomore, etc.), level of education (undergraduate, graduate or professional), dependency status and degree. Loan amounts vary depending on whether you’re exploring a federal or private student loan. To use the calculator above, you’ll need certain details about your loan. What you need to know for this calculator
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