Are there any limits on how much student loan debt I can have?

Yes, there are limits on how much student loan debt you can have in California. The limit on federal loans is currently set at $31,000 for undergraduate students, with an additional $57,500 available to independent students and those enrolled in certain graduate or professional degree programs. For state loans, the California Student Aid Commission limits total undergraduate loans to $12,500. Overall, the maximum amount of student loan debt you can have depends on the type of loans you have and your school’s financial aid policies. It is important to be aware of the total amount of your loan debt since it can have a major impact on your credit score. Borrowers with too much debt can find themselves unable to pay their loans back and facing the threat of defaulting on the loan. Finally, it is important to consider the interest rate when choosing a loan. The interest rate on a loan can greatly impact how quickly you can pay your loan back. If you have questions about student loan debt and limits, it is always a good idea to consult a financial advisor or talk to someone in your school’s financial aid office.

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Are there any limits on how much student loan debt I can have?

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