Should I Apply to Schools I can't Afford?

twoinanddone
Sat, 17 Nov 2018 22:50:13 +0000

Are loans caped at $5500 per year? Or is this federal, non-interest loans that build interest when you graduate school?

This was answered above with the $5500/$6500/$7500/7500 per year caps, but realize the these are NOT no-interest loans. There is interest on them from day one, but the government may subsidize the interest on some of that amount if you qualify as needing assistance when you file FAFSA. There is always $2000 per year of the max that is unsubsidized.