What would a student loan "bubble burst" actually be like?

[shaker281]

Originally Posted by Gatornation

That is only dependent limits. I was talking about a school only accepting up to 30k overall in student loans.

What? As I posted, an undergraduate student is not even federally eligible for more than $27K for 4 years. Period.

Which is suspiciously close to that $27K number I linked to, wouldn't you say?

An independent undergraduate is not federally eligible for more than $45000 for 4 years, no more than $19K (4 years) subsidized. The rules to be considered independent are extremely tight.

[Gatornation]

Originally Posted by shaker281

What? As I posted, an undergraduate student is not even federally eligible for more than $27K for 4 years. Period.

An independent undergraduate is not federally eligible for more than $45000 for 4 years, no more than $19K (4 years) subsidized. The rules to be considered independent are extremely tight.

Are you suggesting people should be prevented from taking private loans for education then?

Yes. Total of all loans. A FA advisor is aware of a students complete loan history. Not many schools are worth that investment for undergrad when it takes going over 50k in student loans. lAs you realized above many work to pay tuition which keeps that debt at graduation lower as it is.

[Gatornation]

Originally Posted by shaker281

Post up your link. Here is mine ($26,600) for those graduates who needed to borrow:

Project on Student Debt: State by State Data

I can't find the specific article I recall but you can use any best value list. Kiplingers has one for private and public that shows debt at graduation per school.