Exceeding the student loan limits can lead to several consequences. For one, your eligibility for future financial aid may be affected. Additionally, you may face higher interest rates and more stringent repayment terms. In some cases, you might need to make high out-of-pocket payments to bring down your loan balance within the limit. To avoid such situations, knowing your student loan limits and managing your borrowing is important. Always explore all other financial aid options before considering borrowing beyond your limit.