If I already took out a $20,000 loan, and I want to take out another $20,000 loan, would it be accepted by a Loan company such as Sallie Mae or Chase? What factors are considered? Are there any other loan companies to take a look at?
What Do Loan Companies Consider When Someone Applies for a Student Loan?
Your debt-to-income ratio is always a factor with loans. In addition, your credit score is a huge factor.