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Their parents aren't making the decision. They can borrow the money all by themselves.
by pstrateman 2y ago
Their parents aren't making the decision.
They can borrow the money all by themselves.
- whimsicalism 2y agoi am curious how much borrowing against parents wishes actually occurs
- ourmandave 2y agoUndergraduate dependents of parents can only borrow $31,000 across their entire tenure. First year cap is $5,500. Independent student loan limit is $57,500 total. First year cap $9,500. https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized https://studentaid.gov/understand-aid/types/loans/subsidized...
- pstrateman 2y agoThat's only loans directly from the feds. Most people borrow money from private lenders as well.