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Anyone know....

Discussion in 'Financial Aid' started by TweetyPie, Jun 5, 2002.

  1. TweetyPie

    TweetyPie ` 10+ Year Member

    Jun 24, 2001
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  3. analu

    analu Senior Member 7+ Year Member

    Mar 6, 2002
    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 :( ).
  4. paean

    paean Senior Member 7+ Year Member

    Apr 21, 2002
    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.

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