How many loans do i have

Subsidized loans are for undergraduates only, while unsubsidized loans are available to both undergraduates and graduate students. There are both annual and aggregate loan limits for these loans.

The aggregate limit is the total amount of federal student loan debt you can take on throughout your undergraduate and graduate-level studies. If you reach your total limit, you can take out additional federal student loans if you first pay down your outstanding debt. Graduate and professional students unsubsidized only. PLUS loans are available to graduate and professional students, and to parents of dependent undergraduate students.

There are no specific caps on PLUS loan borrowing. The maximum amount of PLUS loans you can take out is the school's cost of attendance minus other financial aid you receive or your child receives. Cost of attendance includes tuition and fees, room and board, and books and other supplies. Private student loan limits vary by lender.

Max out federal student loan borrowing before taking out private student loans. Federal loans have protections that private loans don't, including income-driven repayment plans and loan forgiveness programs. Private student loan minimums and limits. Non-co-signed future income-based option:. Annually, the cost of attendance. Co-signed and non-co-signed credit-based options:. Annually, the cost of attendance minus financial aid.

Maximum loan amount: School-certified cost of attendance minus financial aid. Thank You for your feedback! Something went wrong. Please try again later. Best Of. Student Loan Basics. More from. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities.

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Be sure the information is correct. Fix anything that is not correct. Only you can improve your credit history. It will take time. But if any of the information in your report is wrong, you can ask to have it fixed. Your Credit History. Print Text size Listen icon.

What is a credit history? Your credit history describes how you use money: How many credit cards do you have? How many loans do you have? Do you pay your bills on time? What is a credit report? Your credit report is a summary of your credit history.

It lists: your name, address, and Social Security number your credit cards your loans how much money you owe if you pay your bills on time or late Why do I have a credit report? Who makes my credit report? There are three big credit reporting companies: TransUnion Equifax Experian These companies write and keep a report about you.

Can I see my credit report? The law says you can get your free credit reports if you: call Annual Credit Report at or go to AnnualCreditReport.

What is a credit score? Do I need to get my credit score? For Example. What To Know. Why is my credit report important? Businesses look at your credit report when you apply for: loans from a bank credit cards jobs insurance If you apply for one of these, the business wants to know if you pay your bills. Different things happen based on your credit history: That means: I have more loan choices.

It is easier to get credit cards. I pay lower interest rates. I pay less for loans and credit cards. That means: I have fewer loan choices. It is harder to get credit cards. I pay higher interest rates. I pay more for loans and credit cards. That means: I have no bank loan choices.

It is very hard to get credit cards. I pay high interest rates. Loans and credit cards are hard to get and cost a lot. All this information is in your credit report. What To Do. How do I check my credit report? This is easy to do by phone: Call Annual Credit Report at Answer questions from a recorded system. You have to give your address, Social Security number, and birth date.

Choose to only show the last four numbers of your Social Security number. It is safer than showing your full Social Security number on your report. Choose which credit reporting company you want a report from. You get one free report from each company every year. That company mails your report to you.

It should arrive weeks after you call. What do I do with my credit report? Read it carefully. Make sure the information is correct: Personal information — are the name and address correct? Accounts — do you recognize them? Is the information correct? Negative information — do you recognize the accounts in this section of the report?