<p>I remember over hearing my financial aids advisor telling one of her students that you can’t get student loans for 3 semesters at a row. I payed of this last semester with loans, next semester I plan on paying with loans as well. The big one I plan on transferring to a much more expensive school for the spring, and I’m really hoping I won’t have to pay out of pocket.</p>
<p>I have never received any kind of grants and I’ve applied for a ton of scholarship and haven’t been able to get any. My EFC is a little over 5000.</p>
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You must have misunderstood as this is completely wrong. A freshman dependent student is eligibnle for Stafford loans of $5500 for the year, a sophomore $6500, and third year and up the annual limit it $7500. The payments are usually disbursed in equal instalments - half in the fall and half in the spring (Perhaps the student you overheard had reached their limit for the school year and was wanting to take summer classes but had no remaining eligibility). The cumulate limit is $31,000.</p>
<p>If you are going to a more expensive school, Staffor loans will probably not cover the full cost.</p>