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What do "aggregate loan limits" refer to in the context of Federal Direct Student Loans?

A The maximum amount a student can borrow in federal loans for a single academic year.
B The total amount of federal loans a student can borrow over their entire academic career.
C The maximum interest rate that can be charged on federal student loans.
D The limit on the number of federal loans a student can have at one time.

✓ Correct Answer: Option B

Aggregate loan limits are the maximum cumulative amounts a student can borrow through federal Direct Subsidized and Unsubsidized Loans for undergraduate and graduate study combined over their lifetime.

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