Stafford Loan Question..?

Question:I already have a subsidized Stafford Loan which is $3500 for the school year. If my parent is denied the PLUS Loan what is the maximum amount of funding I can get? My tuition is $8,346 for the school year. I have been trying to find more funding but all my finanical aid office said was to get a PLUS loan or a private loan and I dont have anyway to get a private loan. Other than that they werent any help at all.

Answers:
If your parent has been denied a PLUS loan, you would be able to apply for an additional Unsubsidized Loan for up to $4000 (I'm assuming that you're a freshmen since you said your Sub was $3500). You would still be a Dependent student but able to borrow at the Independent level. More information on loans/levels can be found at www.finaid.org/loans.

You will also want to talk to your financial aid officer for more information/guidance.

Good luck!
The best way to understand your funding dilemma is to look at your Student Aid Report (SAR) Ask your financial aid office about any grants or scholarships - Work study may be a good option too - if you have the time. I also found FastWeb.com very helpful in identifying possible scholarships and grants

Have you looked at an Unsubsidized Stafford Loan?

I am pretty knowledgeable about financial aid feel free to send me an email if you need more help - copeatba@hotmail.com

This article contents is post by this website user, EduQnA.com doesn't promise its accuracy.



More Questions & Answers...
  • What situation do u need to be in to claim income support?
  • Help i need 20,000 more for school and no loans will approve me, what can I do?
  • IN NEED OF ALOT OF HELP ( your advice is very helpful)?
  • Financial Aid?
  • Environmenatl specialist in need of a job?
  • Can you help me??
  • How can I get out of my consoldiation for my student loan?
  • I've made over $22,000 last year but I was laid off in December. I'm 22 years old. I haven't worked since.
  • How do you go about getting student loans for your child?
  • I would like to continue my higher studies but i don't have money to continue my studies any donors are there
  • Copyright 2006-2007 EduQnA.com All Rights Reserved.