- Joined
- Jan 9, 2015
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- 211
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Received my financial aid information - 0 EFC and 0 student contribution - and have been offered a "Direct Med Unsubsidized" loan for ~$42k. I completed the modules they told me to complete online (MPN, Counseling), and am now confused about funding the rest of my education.
How do I get another $10-20k in loans? How quickly can I get it approved and disbursed to me, especially if I end up under-estimating my cost throughout each semester? I have very minimal savings ($5k) and my parents are up to their eyes in debt, so they will not be able to help at all.
Call the financial aid office. They are good at explaining everything and will sit with you and walk you through it. There is one loan with a sliding scale where you can take out as much as you need. I was in the same position...only with LESS savings (parents are absolutely awful with money and "borrowed" from me quite a bit), and sat with financial aid figuring out the best approach.