If I repay a portion of my federal student loans; may I borrow on repaid portion?

[dubious9]

<p>I earned both an 2 yr. trade/technical degree in Electrical Tech. and a university xfer (Associate of Science). The price for 4 years of community college along with financial irresponsibility has brought me to the end of my Aggregate Limit for my subsidized and unsubsidized federal loans. Now, I would like to work for 3 years in the electrical trade so that I can add value (experience) to my degree in Electrical and pay on my federal student loans. After 3 years I should have about enough for a whole year of attendance, full time, to a university. If I am in repayment on my federal loans and I've paid them regularly for 3 years could I borrow more federal student loans because I would no longer be at the aggregate borrowing limit? </p>

<p>Thanks </p>

[4kidsdad]

<p>

If I am in repayment on my federal loans and I’ve paid them regularly for 3 years could I borrow more federal student loans because I would no longer be at the aggregate borrowing limit?

Yes I think so.

A borrower who has reached his or her aggregate borrowing limit
may not receive additional loans. Once the loans are repaid, in full or
in part, the borrower may apply for additional Stafford Loans.

However, the new time limit may prevent you to get more sub. Direct Loans

a new provision to the Direct Loan statutory requirements that limits a first-time borrower’s eligibility for Direct Subsidized Loans to a period not to exceed 150 percent of the length of the borrower’s educational program (“the 150% limit”).

</p>

[dubious9]

<p>Thanks. I eventually recovered those quotations from “Aggregate Loan Limits” of Ch. 5 of the 2013 - 2014 Fed. Student Aid Handbook and these rules now include direct loans. Thanks.</p>