Interest Rates on New Federal Student Loans Will Dip Slightly
The amount of federal loans that undergraduate students can borrow is capped each year, depending on the student’s year of college. The maximum is generally $5,500 for freshmen, $6,500 for sophomores and $7,500 for both juniors and seniors. The amount borrowed over all is limited to $31,000. Students who need to borrow more may have […]
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