Question About the Stafford Loan

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Question About the Stafford Loan

Postby lmaxwell430 » Thu Jan 03, 2013 12:54 pm

Hi,

I have been approved for financial aid for the Fall 2012 and Spring 2013 semesters. I wanted to register for second session classes at my school in the fall, but I wasn't able to.

My question is, I am eligible for a $9500 a year Stafford Loan per year. I know this money is typically split into semesters, but since I will only be taking Spring 2013 classes, will I receive the entire $9500 check if I apply for all that I am eligible for, or will I only get half because I am only attending for one semester?

Thanks in advance.
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Re: Question About the Stafford Loan

Postby steve.blank » Thu Jan 24, 2013 10:48 am

Stafford loans are disbursed per semester. If you are scheduled to receive an annual amount but only attend one semester, then only a half of the annual amount will be disbursed for that semester.
Steven Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
203-250-7761
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