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How Much Can A First Year College Student Borrow Using A Unsubsidized Stafford Loan?

Question by Jezebel | Posted in Financial Aid

I'm a first year college scholar applying online for an unsubsidized Stafford Loan. I'm confused as to the amount I'm allowed to borrow. I'm classified as a dependent. Any remedy would be much appreciated.

Answer: The paramount a dependent freshman can borrow is $5,500.00 per academic year. This loan limit is for Stafford loans that are disbursed on or after July 1, 2008,

 
 

Can You Get An Unsubsidized Stafford Loan After Filling For Bankruptcy?

Question by cfairysfly | Posted in Financial Aid

I would like to certain if getting a Stafford Loan after bankruptcy is possible? I currently get Subsidized and Unsubsidized Stafford Loans and would like to information for bankruptcy. I need to be able to continue recieving those loans in send away

Answer: Bankruptcy does lay hold of federal student aid b/c the school will receive a message that you have filed for bankruptcy. Sack out assure, keep a copy of a letter stating that you have not ATTEMPTED to scratch your student loans and you will be fine.

 
 

If I Take A Semester Off, Do I Have To Start Payments On My Unsubsidized Stafford Loan?

Question by jessw0711 | Posted in Financial Aid

I have 2750 dollars in loans from the gov. through unsubsidized stafford loans. I am paying my way through and I may penury to take a semester off OR be a part time student for a semester to rake in the dough to pay off some encumbered. Will I have

Answer: After you graduate, count out school, or drop below half-time enrollment, you will have a six-month "refinement period" before you begin repayment. During this period, you'll show in repayment information, and you'll be notified of your first

 
 

Can An Independent Student Get Both A Subsidized And An Unsubsidized Stafford Loan?

Question by Kao | Posted in Financial Aid

Is it on to get both the maximum amount of a subsidized loan and an unsubsidized loan in the same year. Or do you only get one or the other?

Then what would be the maximum an Independent trainee could get before needing a co-signer?

Answer: Subsidized and unsubsidized Stafford loans NEVER needfulness cosigners. Ever.

Yes you can get both at the same time, but they will never be more than the YEARLY MAX amount COMBINED quoted here:

Beyond freshman: 9,500

Related Topics:

California Loan Officer
Federal Loan Forgiveness
Stafford Loan Subsidized

 
 

Will I Still Be Eligible For An Unsubsidized Stafford Loan Despite A High EFC?

Question by Ronnie M | Posted in Financial Aid

My EFC of 7450 far exceeds the payment of attendance which is about 1800 each year. I know i won't qualify for grants or subsidized loans. But will I still be single for an unsubsidized Stafford loan?

Answer: At times a swotter may apply for all student loans options available and still effectuate that he/she needs more help. Such times he/she needs to think of Unsubsidized Stafford Loans. These loans are not awarded according to a admirer's financial need.

Related Topics:

Federal Direct Student Loan
Stafford Subsidized Loan
Small Business Loan Grants

 

What is the difference between a subsidized Stafford Loan and an unsubsidized Stafford Loan?

What is the distinction between a subsidized Stafford Loan and an unsubsidized Stafford Loan? (Rivier College Financial Aid Office)

Student Loan Updates | Education News

From College Admissions Helper Blog :

On July 1, 2010, the subsidized Stafford loan interest classify will lessen from 5.6% unfluctuating to 4.5% crooked for new loans originated in the 2010-2011 conjectural year. This is a planned reduction. As of May 2010, the unsubsidized Stafford loan interest gauge w…

Comprehend the whole article from the first published in : College Admissions Forbear Blog .

Source: Student Loan Updates | Education News

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