How much debt will school/lenders/feds allow a student to take on?

<p>A bit more information on this is that I’m from the east coast and my parents are Bostonians. I loved my school which was not CMU but near Beantown. S1 is at 1550 M+CR and other scores are similar. The grandparents assume that means applications to certain schools on a certain coast. And as my positive college experience was Boston based back when the cost was not insane - I have a bias there too. Thanks everyone for helping me think it through.</p>