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

In Kansas, there are limits on how much student loan debt you can have. Under federal law, the maximum amount of subsidized and unsubsidized loans you can borrow annually is determined by your grade level. For Kansas residents enrolled in a college or university, the maximum aggregate loan limit is $57,000 for undergraduate studies. This includes both federal and private loans. Federal loans must also be repaid within ten years. Some private loans may have different terms, so you should check the terms and conditions of the loan before signing. Furthermore, the government has set certain limits on how much of your gross income can be devoted to loan repayment. For Federal Direct Loans, this limit is usually around 10% of your gross monthly income. This will depend on whether you are enrolled in an income-driven repayment program or not. Finally, the state of Kansas does not have any specific student loan debt limits. However, you should be aware of the federal loan limits and income-driven repayment plans, so that you can make sure that you are not taking on too much debt.

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

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