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appletea1991's avatar

How much money can you take out with a Staford Loan?

Asked by appletea1991 (89 points ) January 26th, 2011

I am in my second year of college at the university of Phoenix, in an associates program. What is the average amount of money you can get with a Staford Loan? Also do they go by employment status and age or something?

Thanks

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3 Answers

MyNewtBoobs's avatar

The max you can take out is the total Cost of Attendance, as set by the school. From there, the government will figure out how much to let you take out based on your tax return – or, if you’re under 24, your parent’s tax return.

BarnacleBill's avatar

You, or your parents, have to fill out the FAFSA to have eligibility determined.

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