2024 Student Loan Limits Announced; Credit Score Tips Offered

Federal and private student loan limits vary, with options for additional aid; improving credit scores can secure better loan terms.

Federal and private student loans have limits that vary based on the year in school, type of loan, and other factors.
Dependent students can borrow up to $31,000, while independent ones can borrow up to $57,500 for undergraduate studies. Graduate students can borrow nearly $140,000.
Scholarships, grants, and work-study programs can help fill the financial gap if federal student loan limits are insufficient.
Private student loans may offer larger limits but come with higher interest rates and require a credit check.
Improving your credit score can enhance eligibility for better loan terms and lower interest rates.