Private student loans don’t come with the same limits that federal student loans have.
Currently, you can borrow a total of $57,500 in federal student loans or $12,500 per year if you’re an independent student (aka mom and dad aren’t claiming you as a dependent on their tax returns).
If you’re a dependent, the amount you can borrow in federal loans is even smaller ($7,500 per year), with a maximum limit of $31,000.
Private student loans max out at the cost of your college’s total tuition, minus what you received in financial aid and federal loans.