What is the maximum amount of student loan debt I can take out?

The maximum amount of student loan debt you can take out in North Carolina depends on the type of loan you take out. For federal loans, the maximum amount a student can borrow generally ranges from $5,500 to $12,500 a year, depending on the student’s year in school. For example, a freshman can borrow up to $5,500 and a senior can borrow up to $12,500. For private loans, the maximum amount of money you can borrow depends on the lender and the specific loan you take out. Many lenders will offer a maximum loan amount of up to the total cost of attendance. It is important to note that regardless of type of loan, the maximum amount of student loan debt one can take out depends on your ability to repay the loan. When deciding how much money to borrow, you should consider your expected income after graduation, potential employment, and other sources of money to repay the loan. It is also important to keep in mind that the total amount of student loan debt a person can take out may be subject to additional limits due to state or federal regulations.

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What is the maximum amount of student loan debt I can take out?

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