Private loan amount for incoming PA-S1?
Hi all,
I'm starting a program in the fall. Trying to borrow loan(s) through private lender and what I'm learning is that students can only borrow up to the remainder amount that is total COA (provided by the school) - federal loan ($20,500) = amount that can be borrowed?
I was advised to borrow with some buffer in case of emergency cash need, etc., however that seems impossible? It doesn't make sense to me that private lenders expect all students to have the same COA that is purely based on the school estimate. You know what I mean?