What is the Maximum Amount of Student Loan Money You Can Borrow?
For federal student loans, the maximum you can borrow is between $5,500 and $12,500. The maximum amount for private student loans will depend on the lender.
Can I defer my student loans if I go to graduate school?
Graduate students can defer their student loans. In doing so, students will not have to make payments, but their student loans will continue to accumulate interest.
What's the difference between fixed and variable interest rates?
While fixed interest rates will be consistent for the duration of the student loan, variable interest rates can fluctate according to the broader economic market.
What's the difference between subsidized and unsubsidized student loans?
The big difference between subsidized and unsubsidized student loans is that the loan interest is paid on subsidized loans if you are in school at least half-time. Interest is also paid for the first six months after graduation.