<p>I received a notice from my school's financial aid office about nearing the maximum amount of loans I may take out - they cited $23k for Subsidized and $57k for non-subsidized. According to my calculations I have a total outstanding balance of $16.5k - $6.5k subsidized and $10k unsubsidized. I asked the office to explain this to me but they have danced around the question in such a way that I couldn't follow their logic. </p>
<p>Are the $23k and $57k limits for a lifetime or is it outstanding loans? I have previous student loans totaling ~$6k but they were paid off long ago. </p>
<p>2nd, under the Grants section of my report, it says Pell Lifetime Eligibility Used - 141.666%. Does that mean I am no longer eligible for Pell Grants or what? I am afraid of going to the Financial Aid Office with this question because I do not want to lose any aid. I will be graduating in December, cannot afford to pay for the term without financial aid and would be lost without this opportunity.</p>