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Student Loans => Ask a Question => : a_black 18, 2017, 04:43:23

: How to calculate future loan eligibility?
: a_black 18, 2017, 04:43:23
Hello,

I am a American expat looking to attend University in Europe next term.  I'm having trouble determining my future loan eligibility because I currently have some savings.

I'm 35 and have about $30,000 in savings, but by the time I get situated and start the program it will be closer to $20,000. While that will take me through the first year, after that I will be broke.

Is there any way I can find out what my future loan amounts will be once my savings are depleted? I'm assuming that if I fill out a FAFSA and declare $30,000 in savings, I probably won't be eligible for very much...
: Re: How to calculate future loan eligibility?
: TheCollegeInvestor 18, 2017, 07:11:36
Your savings won't have any impact on your student loan award. Sounds like you're an independent student, which you can look up the loan maximums here: https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized#how-much

However, since you're studying abroad, there are other things you need to consider here: https://studentaid.ed.gov/sa/prepare-for-college/choosing-schools/types/international