(a) Aggregate Loan Limit. The maximum aggregate loan amount for any eligible student shall take into account the definition of manageable debt under the Board's Long-Range Master Plan for Higher Education.(b) Annual Loan Limit. In no case shall the annual loan amount exceed the difference between the cost of attendance and the financial resources available to the applicant, including the applicant's scholarships, gifts, grants, and other financial aid. The student's maximum eligibility for Federal Direct Loans, except for Federal Plus loans, must be considered by the institution as other financial aid, whether or not the student actually receives such assistance.