How to Find Out About Aggregate Student Loans

Taking out student loans to cover college tuition to attend graduate and undergraduate school is a reality for most students. It is imperative that you are aware of the aggregate student loan limits so that you borrow responsibly according to your financial situation. The federal government determines the aggregate amounts, or the total amount of combined loans allowable for the student. Colleges will not exceed these limits with the exception of particular health programs. By knowing beforehand how much financial aid you will be allowed to borrow, you can select a college and program that is affordable to you.

Things You'll Need

  • Internet access
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Instructions

    • 1

      Go to the Student Aid on the Web website and scroll down to the "How much can I borrow?" section. Aggregate student loan amounts are included for both undergraduates and graduate students. In addition to the amounts, other information is available regarding financial aid along with links to sites that will assist you in calculating your borrowing limits according to your desired profession or program.

    • 2

      Call your financial aid adviser. If you are not sure which college you will be attending, you can go to the List of Colleges and Universities website. Simply click on the state, and all colleges within that state will appear. When you click on the college, you can find the financial aid section along with a contact number. The financial aid adviser will answer any student loan questions you have over the phone, or you may want to set up an appointment.

    • 3

      Go to the National Association of Student Financial Administrators (NASFAA) website. Here, you will find a substantial amount of information on student borrowing and updated information on loan amounts such as "Federal Student Loan Amounts and Terms 2009 -- 2010." FinAid is another site that includes a break down of loans and aggregate stafford loan amounts.

    • 4

      Meet with your guidance counselor. Each high school student is assigned to a guidance counselor who is available to help the student with the process of college applications. The guidance counselor has updated information student loans and can explain the aggregate student loan amounts

    • 5

      Purchase a book. Many books have been written on the topic of federal student loans. You can also check out Amazon for a list of titles on student loans. Often, you can peek inside at the index to get an idea of what's included. In addition to getting information on student loan limits, you can educate yourself about other facets of college debt and student borrowing. If you prefer not to spend the money, use books from your local library.

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