Flickr user Chad Elliot
When you go to take out a loan, you can’t just take out as much as you want. There are limitations in how much money you can receive. Each type of student loan—whether it’s private or federal—will have some sort of borrower limit. The amount will vary from loan to loan, or even circumstance to circumstance.
An individual loan can have multiple limits on it, as well. The three most common are annual loan limits, aggregate loan limits, and cost of attendance limits.
Annual Loan Limits:
As their name would suggest, this will be the max amount you can take out in a single academic year.
Aggregate Loan Limits:
This refers to the total amount you can take out over the course of your entire academic career. It can also be called a cumulative loan limit.
Cost of Attendance Limits:
A limit that prevents a borrower from taking out more money than it actually costs to attend a college.
Certain loan limit amounts will shift depending on what year in school you’re in. The higher your school year, the higher your borrower limit. It will also differ depending if you’re an undergraduate or graduate student. Make sure you ask your student loan provider about the borrower limits that apply to you.
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| Lender | Rates (APR) | Eligibility | |
|---|---|---|---|
 |
5.34%-15.96%* Variable
3.99%-15.61%* Fixed
|
Undergraduate and Graduate
|
VISIT CITIZENS |
|
|
4.92% - 15.08% Variable
3.99% - 15.49% Fixed
|
Undergraduate and Graduate
|
VISIT SALLIE MAE |
 |
4.50% - 17.99% Variable
3.49% - 17.99% Fixed
|
Undergraduate and Graduate
|
VISIT CREDIBLE |
 |
6.00% - 13.75% Variable
3.99% - 13.75% Fixed
|
Undergraduate and Graduate
|
VISIT LENDKEY |
 |
5.50% - 14.56% Variable
3.69% - 14.41% Fixed
|
Undergraduate and Graduate
|
VISIT ASCENT |
 |
3.70% - 8.75% Fixed
|
Undergraduate and Graduate
|
VISIT ISL |
 |
4.99% - 16.85% Variable
3.47% - 16.49% Fixed
|
Undergraduate and Graduate
|
VISIT EARNEST |
 |
5.00% - 14.22% Variable
3.69% - 14.22% Fixed
|
Undergraduate and Graduate
|
VISIT ELFI |
