<p>*Who sets those limits? Is that just the amount that you can borrow from the University or from a bank? I’m planning on going through a private company or a bank for a direct loan.</p>
<p>You can take out $200,000 with sallie mae smart option. Obviously I will use up all public options first.*</p>
<p>those are the fed limits. Yes, you can borrow with SM and private, BUT…you need willing and qualified co-signers. AND…more importantly, NO ONE should borrow much if they want to go to med school. Do you know how much med school costs? My son’s med schools will cost $200 - 300k to attend. Are you thinking that it’s ok to borrow a large amount for undergrad AND borrow a lot for med school? Do you realize how high those undergrad loans will grow in amount while you’re in med school? Do you realize that newish doctors do not earn much? Do you have any idea of what’s it’s like to make monthly payments on $200k, 300k, 400k loans?</p>