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Discuss Stafford, PLUS, Direct, and other federal loan products.

How Much Will I Recieve?

My Wife is is starting school here shortly and we have Applied for Stafford Loans.

Our EFC, was in the 7500 range, and our annual ncome is $67,000.

Does anyone have an idea on how much we will recieve per semester?

Her Semester cost with books is around $2000, and we cant pay for this out of pocket at this time (Mortgage, Bills, so on.....)! To my understanding you can get upto Un-Subsdized $6000 per ...
Read more : How Much Will I Recieve? | Views : 97 | Replies : 1


Direct Loan Repayment Plan decision? Which is best?

I know the answer will probably be "it depends on your financial situation". However, I am asking in more general terms.

I'm at a crossroads and need help making the best decision. My student loan is about $17k. My current payment is $150 a month give or take a few cents. I am currently on a Income Contingent payment schedule...however, it now reflects a job I had 3 years ago making a decent bit more ...
Read more : Direct Loan Repayment Plan decision? Which is best? | Views : 62 | Replies : 1


Student Loan Please help!

I am wondering if anyone else has had this problem or is it just my school! Went on the school's website to see what I have been awarded they awarded me over $4,000 in subdized loans and only $197 for the years in unsubdized has anyone heard of this before?
Read more : Student Loan Please help! | Views : 89 | Replies : 1


Notifying school funding available after loan dispersement

My school dispersed federal student loans for the semester last Thursday after subtracting my tuition expenses. My understanding is that the remaining funds are for room and board, books and supplies, and miscellaneous expenses, to be allocated at my discretion. I chose to use a large portion of them immediately to pay down credit card balances accrued during the summer, when I was receiving much less aid.

On Friday, my advisor emailed me with the ...
Read more : Notifying school funding available after loan dispersement | Views : 52 | Replies : 1


Taking Just Unsubsidized as Dependant w/o parents signatures

Hello, as I understand it. I will probably only be able to borrow Unsubsidized Stafford loans because Parents wont sign FAFSA, is the annual limit for Unsubsidized than $5,500 as a Freshman since I wont be borrowing any Subsidized? Or is the max 2000.00 for Unsubsidized whether you borrow Subsidized or not? I guess what I am asking is as a dependant Freshman w/o parental information if I would only get Unsubsidized stafford could the ...
Read more : Taking Just Unsubsidized as Dependant w/o parents signatures | Views : 57 | Replies : 1


Disclosure Statement award amount less than award letter?

I finally got my disclosure statement for my Direct Loans for Fall 2010, but the amount is not what I thought it would be. I got my original award letter in May 2010. Then I submitted some additional documentation for expenses and lost income, and based on that I got another award letter in July. That letter stated that based on the additional information, I was being awarded an additional amount, and that previously awarded ...
Read more : Disclosure Statement award amount less than award letter? | Views : 137 | Replies : 7


Didn't request the right amount

I was confused when i filled out the loan request and i put the amount down that i needed for the semester instead of the entire school year! Now I don't have enough money for EITHER semester!!! I don't know what to do or if there is anything i can do!!! I know I'm elegible for more, but i don't know if i can re-apply for the loan?!?!?! WHAT DO I DO!!!!! =*(
Read more : Didn't request the right amount | Views : 55 | Replies : 1


PLUS Loan Parent Credit Question

I have a BK that was discharged in 2001. I also have successfully rehabilitated my own personal student loans. I need a Parent PLUS loan for my daughter.

Based upon information here, a BK discharge will disqualify. Is there a time frame in which I could receive an exception? My BK is almost ten years old, and will fall off my credit report in Spring of next year.

Also - will I be disqualified based ...
Read more : PLUS Loan Parent Credit Question | Views : 85 | Replies : 2


new direct borrower, have questions

My school switched to Direct loans for Fall 2010. I have completed the e MPN and entrance counseling in July, and classes started 8/16. We've been told that disbursement is 8/30, two weeks after classes started, but I haven't received any disclosure statement from Direct. I called them last week, my school hasn't sent them my origination record. I waited a week and called again today, Direct still doesn't have that. Is this something I ...
Read more : new direct borrower, have questions | Views : 78 | Replies : 2


Parent Plus Loans

I have 2 children in school, one Sr. and one Fr. Can I aply for Plus loans for each or do I apply for 1 loan to cover both?
Read more : Parent Plus Loans | Views : 102 | Replies : 1


 

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