<p>Northwestern is definitely my first choice school so naturally, I seriously thought about applying early decision. Nonetheless, I come from a relatively low income household and tuition is always an issue.</p>
<p>I've heard though that starting Fall this year, loans will be capped at 20 grand. Does that apply to all students? Would that mean I won't have to worry about a potential debt of more than 20,000?</p>
<p>As I understand it, Perkins and Stafford loans are capped at a total of $20,000.00. If your family needs to borrow money to meet its Expected Family Contribution, then you may end up borrowing more than $20,000.</p>
<p>Here is a site to get an estimate of your EFC:</p>
<p>FinAid</a> | Calculators | Expected Family Contribution (EFC) and Financial Aid</p>
<p>Then, you can figure out how realistic it is that your family could pay it.</p>