Issues arise concerned with consilidating departments
The limits vary for each year of study, depending on the length of the program and the student’s year of study.There is more information on Stafford loan limits on the Department of Education’s web site.
Unlike Stafford loans, PLUS borrowers are generally required to pass a credit check.
These limits vary depending on what year you are in school and whether you are a dependent or independent student.
If you are a dependent student whose parents are ineligible for a Direct PLUS loan, you may be able to receive additional Direct Unsubsidized Loan funds.
The bad news is that the federal government has extraordinary powers to collect student loans if you default.
These powers, such as tax refund and federal benefits offsets, have no time limit.