The amount of student loans kids can take out varies depending on their grade level, dependency status, and the cost of attendance at their chosen school. Generally, undergraduate students can borrow up to a certain limit each year, while graduate students have higher borrowing limits.
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As an expert in the field, I have extensive knowledge and experience regarding student loans. Now, let’s delve into the question at hand: How much in student loans can kids take out?
The amount of student loans that kids can take out varies based on several factors. These factors include their grade level, dependency status, and the cost of attendance at their chosen institution. Typically, undergraduate students have lower borrowing limits compared to graduate students.
Due to my practical knowledge, I can provide you with a general idea of the borrowing limits for both undergraduate and graduate students. Please note that these limits are subject to change and can vary depending on the individual’s specific circumstances and the policies of the lending institution.
 Undergraduate Students:
Undergraduates can typically borrow up to a certain limit each year. This limit is determined by the federal government and can be adjusted annually. As of the 20212022 academic year, here are the annual borrowing limits for dependent undergraduate students:
 Firstyear dependent students: $5,500 (of which, a maximum of $3,500 can be subsidized loans)
 Secondyear dependent students: $6,500 (of which, a maximum of $4,500 can be subsidized loans)
 Thirdyear and beyond dependent students: $7,500 (of which, a maximum of $5,500 can be subsidized loans)
 Maximum aggregate limit for dependent undergraduate students: $31,000 (of which, a maximum of $23,000 can be subsidized loans)
For independent undergraduate students or dependent students whose parents are unable to borrow a Federal Direct Parent PLUS Loan, the borrowing limits are slightly higher. Here are the annual borrowing limits for independent undergraduate students or dependent students whose parents cannot borrow PLUS loans:
 Firstyear independent students: $9,500 (of which, a maximum of $3,500 can be subsidized loans)
 Secondyear independent students: $10,500 (of which, a maximum of $4,500 can be subsidized loans)
 Thirdyear and beyond independent students: $12,500 (of which, a maximum of $5,500 can be subsidized loans)

Maximum aggregate limit for independent undergraduate students: $57,500 (of which, a maximum of $23,000 can be subsidized loans)

Graduate Students:
Graduate students generally have higher borrowing limits as they often require additional funds to cover the costs associated with advanced degrees. Here are the annual borrowing limits for graduate students:
 Graduate students (dependent or independent): $20,500 (unsubsidized loans only)
 Maximum aggregate limit for graduate students (including loans borrowed as an undergraduate student): $138,500 (of which no more than $65,500 can be subsidized loans)
It’s important to note that these are general limits set by the federal government. Private lenders may have different borrowing limits, so it’s essential to research and compare options for private student loans if needed.
In conclusion, the specific amount of student loans kids can take out depends on their grade level, dependency status, and the cost of attendance at their chosen school. These limits are subject to change and can be adjusted annually. It’s crucial for students to carefully consider their borrowing needs, evaluate their repayment options, and keep their loan amounts manageable.
To provide a wellrounded perspective, here’s a quote from Mark Kantrowitz, a leading expert on student financial aid:
“Students should borrow no more for their entire education than their expected starting salary immediately after graduation to keep student loan debt in check.” – Mark Kantrowitz
Remember to consult with financial aid professionals and utilize resources available at your institution to gain personalized advice on managing student loan borrowing effectively.
Lastly, as requested, please find a table summarizing the borrowing limits for dependent and independent undergraduate students:
Dependent Undergraduate Students:
Grade Level  Annual Borrowing Limit  Maximum Aggregate Limit 

Firstyear  $5,500  $31,000 
Secondyear  $6,500  $31,000 
Thirdyear and beyond  $7,500  $31,000 
Independent Undergraduate Students or Dependent Students Whose Parents Cannot Borrow PLUS Loans:
Grade Level  Annual Borrowing Limit  Maximum Aggregate Limit 

Firstyear  $9,500  $57,500 
Secondyear  $10,500  $57,500 
Thirdyear and beyond  $12,500  $57,500 
Please note that these tables are based on the borrowing limits for the 20212022 academic year and are subject to change. It’s essential to refer to the most recent information from the U.S. Department of Education or the specific lending institution for updated figures.
You might discover the answer to “How much in student loans can kids take out?” in this video
In the YouTube video “Everything You Need to Know Before Taking Out Student Loan Debt – Student Loans Explained 2020”, the speaker explains the differences between government and private loans, advises borrowers to carefully consider how much they need to borrow, and encourages students to plan carefully before taking on student loan debt. The speaker stresses the importance of taking advantage of government loans with fixed interest rates and no need for a cosigner before resorting to private loans, which require a good credit score and typically have variable interest rates and borrowing limits. Additionally, students should make a plan for paying out of pocket and using side hustles to decrease the amount of loan debt they take on, as well as read and understand the terms and conditions of their loans.
I discovered more data
There are also maximum total amounts students can borrow over the course of their undergraduate education, known as "aggregate totals." Dependent students can borrow up to $31,000 in subsidized and unsubsidized student loans, with no more than $23,000 of the total in subsidized loans.
Surely you will be interested in this
Hereof, How much in student loans can a student take out? If you are an undergraduate student, the maximum amount you can borrow each year in Direct Subsidized Loans and Direct Unsubsidized Loans ranges from $5,500 to $12,500 per year, depending on what year you are in school and your dependency status.
How much student loans can you take out as a freshman? The answer is: Most undergrad students can only take out $5,500 in federal student loans during their first year in school and $31,000 in total. Private loan limits, however, depend on your (or your parent’s) ability to repay them.
What is the maximum amount of student loans that can be forgiven?
The response is: Up to $20,000 in debt will be forgiven for Pell Grant recipients and $10,000 for other borrowers. Borrowers whose income was under $125,000 ($250,000 if married) in either 2020 or 2021 are eligible. In its Fact Sheet, the White House explains its objectives.
Can my child get student loans if I make too much money?
The good news is that the Department of Education doesn’t have an official income cutoff to qualify for federal financial aid. So, even if you think your parents’ income is too high, it’s still worth applying (plus, it’s free to apply).
Also asked, How much can a college student borrow?
You may be able to borrow up to the full cost of your college education in student loans, although the exact amount depends on the type of loan you get. Dependent and independent undergraduate students can borrow up to a total of $31,000 and $57,500 in federal student loans, respectively, and many private loans set lifetime limits.
Also asked, What are the different types of student loan limits? Student loan limits are based on a variety of factors, including the type of loan (federal or private), your year in school, and how much it costs to attend your school of choice. The four main types of student loans are federal direct subsidized, federal direct unsubsidized, federal direct PLUS, and private.
In this regard, How much can I borrow if my parents don’t qualify?
Answer will be: Independent students can borrow $9,500 to $12,500 annually and up to $57,500 total. If you’re a dependent undergrad but your parents don’t qualify for a parent PLUS loan, you may be able to borrow up to the federal student loan limits for independent students.
How much can a student loan be subsidized?
Answer to this: For instance, both independent and dependent firstyear students can borrow $3,500 in subsidized loans. But dependent students are limited to $2,000 in unsubsidized loans, while independent students can borrow up to $6,000 in unsubsidized loans. Undergraduate students loans are classified as either subsidized or unsubsidized.
Just so, How much can you borrow on a student loan? Answer to this: Student loans aren’t limitless. The maximum amount you can borrow depends on factors including whether they’re federal or private loans and your year in school. Undergraduates can borrow up to $12,500 annually and $57,500 total in federal student loans. Graduate students can borrow up to $20,500 annually and $138,500 total.
In respect to this, How much money can a student take out a year?
Answer will be: Undergraduates can borrow a maximum of $5,500 to $12,500 per year in Direct Subsidized Loans or Direct Unsubsidized Loans depending on your current year in school and dependency status. If, however, you are a graduate or professional student, you can take out up to $20,500 in Direct Unsubsidized Loans.
Also to know is, How much can I borrow if my parents don’t qualify?
As a response to this: Independent students can borrow $9,500 to $12,500 annually and up to $57,500 total. If you’re a dependent undergrad but your parents don’t qualify for a parent PLUS loan, you may be able to borrow up to the federal student loan limits for independent students.
One may also ask, What are the different types of student loan limits?
Answer will be: Student loan limits are based on a variety of factors, including the type of loan (federal or private), your year in school, and how much it costs to attend your school of choice. The four main types of student loans are federal direct subsidized, federal direct unsubsidized, federal direct PLUS, and private.