What is the maximum amount allowed for a student loan Bachelor's, Master's, Phd,?

Answer 1

Depends on the State and school I think.

In California, the max for a state school for a Bachelor's was $5,000 a year (that was a few years ago - now it's probably a little more).

For a Masters is $24,000 for the entire Master's Degree.

Answer 2

Here in Arkansas, the max (at least from Sallie Mae (sp)) is 10,500 a year (Fall & Spring). That's what I currently receive anyway (working on a bachelor's for now). I do believe that certain factors depend on the amount though, as I am over 26 and a single mother. I would talk to someone in Financial Aid at the school you currently or plan to attend as far as total max if you're referring to the amount for the years required to receive the degree (bachelor's, master's, etc.). There should be something listed in the school's handbook regarding how long it should take to receive said degrees. I just read this recently on my school's website in the financial aid section and can't remember the amount of semesters total they allow. Good luck :)

Answer 3

It depends on the lender and a lot of other variables. I've seen some with a limit of 45,000 a year and no aggregate, while others have a lower limit and an aggregate limit depending on the applicant's credit worthyness.
It also depends on whether the school has to certify the loan or not. If the school has to certify the loan, they may request proof that the loan can exceed the expenses charge by the school. For example, a copy of your lease so you may use loan money to pay for the apartment.