Every year there are students who learn, after it's too late, that they are no longer eligible for federal subsidized and unsubsidized loans because they have reached their lifetime loan limits.
These students are dismayed and distressed because they were relying on student loans to help them finish their degree.
The federal loan limits are determined by the U.S. Congress and colleges have no authority to exceed these limits.
Know your loan limits and plan ahead
How far will these loans take you?
Approximately 4.5 years if a "dependent" student borrows the full annual amount available each year
Approximately 5 years if an "independent" student borrows the full annual amount available each year
Check your current subsidized and unsubsidized loan balances at:studentloans.gov > Financial Aid History link
