My son is a Freshman at UMass Amherst, he recieved a subsidized Stafford loan for his first semester in the amount of $1,733.00.
He recieved a scholarship in January for the Spring '13 semester, great news! However, Umass removed the subsidized (need based)
Stafford loan payment of $1,733.00 that was applied to the Spring '13 semester due to the reduced financial need (scholarship amount).
My question is: Can we request a change to /or apply for an unsubsidized (non need based) Stafford loan in mid term to reapply the
$1,733.00 payment to the Spring '13 semester?
I apprieciate any assistance anyone would consider.