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Subsidized loans can be no more than ,000 of this aggregate amount.The higher independent student limits also apply to dependent students whose parents are unable to borrow PLUS loans.
There are even ways to cancel these loans in limited circumstances.The Department of Education web site has information about the fees the government charges when you take out a Stafford loan.There are limits on the amount of Stafford loans you can borrow.Under the Direct Loan Consolidation Program, you can consolidate just about any type of federal student loan into a new Direct consolidation loan.Loans that are not eligible for consolidation include state or private loans that are not federally guaranteed. The fixed rate is based on the weighted average of the interest rates on the loan at the time of consolidation, rounded up to the nearest one-eighth of a percentage point.
The Department of Education web site has information about the fees the government charges when you take out a PLUS loan.