Hi all!
I did a quick search and didn't see exactly what I'm looking for so apologies if this has been answered before.
I'm planning on starting law school in the fall- do my pre existing federal loans from undergrad count towards my lifetime limit?
If so, if I pay them down would that give me more borrowing ability?
TIA!
Trying to understand loan caps, law school edition
byu/Fair-Ask-8391 inStudentLoans
Posted by Fair-Ask-8391
1 Comment
You’ll be able to access up to $50,000 per academic year for a professional degree, capped at $200,000 for the lifetime limit for a professional degree, so this limit excludes undergraduate loans.
Max you can borrow per year will be the total cost of attendance for the year minus any other aid you qualify for or $50,000, whichever is lower.
https://www.uclawsf.edu/admissions/financial-aid/important-federal-student-loan-changes-effective-july-1-2026/