How much financial aid can you borrow up to before you can be denied any more?
I owe almost $3500 in financial aid? I am thinking of applying to another college, but I am worried that I won’t get any financial aid since I already owe. Eventually, I will pay back my financial aid, but I was wondering is there a limit to the amount of financial aid you can receive?
Yes, there are limits on the amounts you can borrow per year and the amounts you can borrow in your lifetime. I’m attaching a Dept of Education publication. Look in the back. They depend on if you are considered independent or dependent student.