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View Full Interview. The Legislative Branch is the only part of the government that can  authorize the borrowing of money. The Executive Branch can request  the money be borrowed but cannot authâ¦orize it. Avid political scientist with a strong focus on US History, including the political & military aspects of the US Civil War.
Students can apply for private and federal loans. Because the federal government ensures that students can obtain federal loans, students have an easier time obtaining federal loans than private loans. There is a limit, however, to the amount of federal loans one student can borrow. The amount of federal loans a student can borrow depends on several factors. First, the student's level of education comes into play. A senior in college may borrow more money than a freshman in college. Medical students can also take out more loans than other students pursuing graduate studies.