Is my loan amount going to be Reduced?

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Is my loan amount going to be Reduced?

Postby klbaum1077 » Fri Jul 29, 2011 2:10 pm

I am taking 7 credit hours and need to know if my stafford and Federal Direct Unsub. Loan amount going to be reduced? I was told i was getting 1750 for subsidized and 3000 for unsubsidized loans each semester.
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Re: Is my loan amount going to be Reduced?

Postby Aid Whiz » Thu Aug 04, 2011 12:47 pm

Hi there,

Could you clarify your question? Is there some event or circumstance that leads you to believe your funds will be reduced?
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Re: Is my loan amount going to be Reduced?

Postby klbaum1077 » Thu Aug 04, 2011 10:05 pm

I was told by someone that my loan would be reduced if i wasnt taking 12 credit hours but it wasnt someone from the college i am attending. Thats why i asked the question on here.
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Re: Is my loan amount going to be Reduced?

Postby Aid Whiz » Mon Aug 08, 2011 9:59 am

There is no qualification that less than 12 credit hours will reduce your aid. However, if you are considered a less-than-halftime student, you would not be eligible for financial aid of any sort. If your financial aid office has awarded you a certain amount, then this is the amount you are eligible for based on the number of credits you are taking.
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