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

The maximum amount of student loan debt you can take out depends on your individual circumstances. In Pennsylvania, state residency requirements must be met in order to be eligible for loans. For those who are residents of Pennsylvania, the maximum amount you can take out is capped at the cost of attendance for the school you are attending, minus any financial aid or other resources you may have already received. This is known as your maximum annual loan limit. For example, if the cost of attendance for your school is $10,000 and you have already received $4,000 in other financial aid, then your maximum loan limit would be $6,000. It is important to remember that the maximum annual loan limit should only be used as a reference point when determining how much to borrow, and not necessarily a hard-and-fast rule. You should always consider your individual circumstances and financial goals before taking out a loan. Additionally, you should consider the terms of your loan, such as the interest rate, repayment schedule, and other aspects that may impact your ability to pay back the loan.

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

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