I currently have over $50,000 in student loans. My questions is, when I hit the limit of the Stafford loans, $57,500, what happens? Do they just cut off my financial aid or is there a way to appeal for more loans? I can't find this information anywhere!

Hi there. When you reach the limit then you will no longer be able to borrow the Stafford loan. You will have to look for other types of loans like a private student loan. If you need more info about these types of loans you can visit: http://www.privatestudentloans.com

I have kind of a follow up question..in regards to life time limit. Lets say I borrow the life time limit of federal student loans for my graduate degree...If I pay it down can I then borrow more?

Hello, if you pay some off you can borrow up to the maximum amount minus what you still owe.