Stafford loan question

Financial Aid Questions and Answers : Where do I begin? Answers to your Financial Aid Questions!

Moderator: Financial Aid Guru

Stafford loan question

Postby danoli19 » Thu Mar 21, 2013 10:26 am

For 2013/14 Year 3 under-grad I received and accepted 5,500 subsidized stafford loan but my understanding is i could also receive 2,000 unsubsidized for a total of 7,500 but I have not been offered the additional $2,000. Please advise
Posts: 1
Joined: Thu Mar 21, 2013 10:15 am

Re: Stafford loan question

Postby Aid Whiz » Mon Mar 25, 2013 8:33 am

This is true if you are a third year or beyond. The amount awarded does depend on need as determined by your school's financial aid office. If you're in need of the extra $2,000, you should make an appointment to speak with someone in the financial aid office. They may be able to adjust your award or explain why you were awarded only $5,500 in subsidized loans.
Student Advocate, The Student Loan Network

Check out the Student Loan Network Official Blog for the latest in financial aid news and information!

Follow us on Twitter for helpful tips and tricks for financial aid!
Aid Whiz
Veteran of Financial Aid
Posts: 626
Joined: Wed Mar 30, 2011 8:25 am

Return to Questions and Answers

Who is online

Users browsing this forum: No registered users and 2 guests