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College and University Discussion
Reply to "Financial aid and student loan upheaval in reconciliation bill impact"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]To clarify, there is no limit on undergraduate loans, correct? So, most people will still be able to go to college on federal and private loans?[/quote] There is a cap on student federal loans (current limit of about $27k for undergraduate degree still in effect). There is a new cap on Parent Plus loans for undergraduate education: $65k per child and $200k aggregate for family federal loan debt).[/quote] To put in context in-state UMD COA is $33K living on campus, $35K off campus not at home. So shortfall is $10K per year out of pocket/private loans.[/quote]
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