How much can I borrow from the Missouri Higher Education Loan Authority?

The Missouri Higher Education Loan Authority (MOHELA) offers various loan options to help students fund their education. The specific amount you can borrow depends on factors like the cost of attendance at your chosen institution and any other financial aid you may receive. MOHELA provides both federal and private loan options, including Stafford loans, Parent PLUS loans, and private education loans. Federal Stafford loans have annual limits ranging from $5,500 to $12,500 for undergraduate students, depending on their year in school and dependency status. For graduate students, the annual limits are typically higher. However, it's crucial to note that borrowing should be done thoughtfully to avoid excessive debt, and students should explore other financial aid options before relying solely on loans.