How much can I borrow in student loans?

In Kansas, student loan laws are determined by both state and federal government. The amount of student loan money you can borrow depends on the type of loan you are applying for, your expected family contribution (EFC), and the cost of attendance at the school you plan to attend. Federal student loans are typically the most common way to finance a college education. With federal student loans, there are annual loan limits that you cannot exceed. For undergraduates, the annual limit for combined subsidized and unsubsidized Stafford loans is currently $5,500 for dependent students and $9,500 for independent students. For graduate students, the annual limit for subsidized and unsubsidized Stafford loans is currently $20,500. For students who need more than the federal loan limits, private student loans are available. Private student loans are offered by banks, credit unions, and other private financial institutions. The loan amount you can get from private student loans depend on your credit history and other criteria set by the lender. In addition, Kansans may be eligible for state grants and scholarships to help pay for college. Each program has its own eligibility criteria and loan amounts may vary. You should contact the Kansas Board of Regents for more information about state grants and scholarships. In summary, the amount you can borrow in student loans depends on the type of loan, your expected family contribution, the cost of attendance at the school you plan to attend, and any additional aid you qualify for from the state or other sources.

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How much can I borrow in student loans?

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