analu

Senior Member
7+ Year Member
15+ Year Member
Mar 6, 2002
230
1
Visit site
Status
Hi tweetypie, I was under the impression that each institution has a FINITE amount of Stafford funds to disburse. In other words, if a university has x amount of Stafford money, it is up to the FAO to divide the available funds among its students...sometimes x amount doesn't go far enough to meet everyone's needs (like me :( ).
 

paean

Senior Member
7+ Year Member
15+ Year Member
Apr 21, 2002
515
1
Visit site
Status
Schools can choose to cap the amount you can borrow through stafford loans anywhere between 18500 and 38500. You may have hit your school's cap. I would encourage you to call and ask, however. Frequently things in your award that don't look right actually aren't, and if it was a mistake, it can be fixed. One of my three offer letters had an EFC 8K higher than the other two. I called and asked, and lo and behold, the person entering my info into the computer had overlooked some crucial details. It got fixed, but only 'cause I called.
 
This thread is more than 18 years old.

Your message may be considered spam for the following reasons:

  1. Your new thread title is very short, and likely is unhelpful.
  2. Your reply is very short and likely does not add anything to the thread.
  3. Your reply is very long and likely does not add anything to the thread.
  4. It is very likely that it does not need any further discussion and thus bumping it serves no purpose.
  5. Your message is mostly quotes or spoilers.
  6. Your reply has occurred very quickly after a previous reply and likely does not add anything to the thread.
  7. This thread is locked.
About the Ads