will my stafford loans get reduced?

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will my stafford loans get reduced?

Postby velodip » Tue Sep 18, 2012 6:21 am

Here is my situation. First of all, I already have my bachelor's and I am returning to school in pursuit of another degree. Before the fall semester started, my intention was to go as a full time student. So when I applied for financial aid, they approved me $1750 per semester for subsidized, and $3000 per semester for unsubsidized as a full time student. But because I was working part time, I realized I couldn't handle the fulltime work load, and dropped from 12 credits to 7 credits. Because now I am considered a part-time student, will my stafford loan get reduced by half?
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