Elementary & Secondary Loan > Borrowing Limits

Borrowing limits for the Elementary & Secondary Loan are as follows:

  • Borrow annually up to the lesser of $20,000 or the cost of attendance minus other aid (as certified by your school)
  • $80,000 aggregate maximum education debt
  • $1,000 minimum loan amount

The table below will help you to estimate how much you are able to borrow.

Total Cost of Attendance

May include tuition, room and board, books, lab fees, computers, school-related transportation and other educational expenses.


Available Financial Aid

May include grants, scholarships, other loans and other forms of financial aid awarded for same enrollment period as this loan application.

Minus $

Maximum Loan Amount

($20,000 annual maximum)

Equals $