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Federal Loans are basically unlimited to anyone without an adverse credit history (so 18-24 year olds with no credit qualify). That is the definition of bad le
by the_watcher 14y ago
Federal Loans are basically unlimited to anyone without an adverse credit history (so 18-24 year olds with no credit qualify). That is the definition of bad lending. There is no linkage between likelihood of making the investment back and size of the loan.
- mjmahone17 14y agoThat's not true, unless you're a grad student or an independent, and can take advantage of PLUS loans. As a senior, I can only take out 10 or 11k in subsidized, and 2k in unsubsidized loans. The rest has to come from family, aid or private loans.