Can financial aid office see your current loan balance?

Discussion in 'Medical Students - MD' started by mtbski, Aug 21, 2015.

  1. mtbski

    2+ Year Member

    Jun 17, 2013
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    Medical Student
    I have a relative who wants to help me with paying some of the interest on my loans while I am in med school (on my Direct Stafford Unsubsidized loan). Will my financial aid office see this? I am worried that if they do, they might decrease my financial aid in future years.

    This would be on loans that I have already taken out and are accruing interest.

    Thank you for your help, and sorry if something similar has been posted before--I searched and didn't see anything.
  2. DocVapor

    DocVapor Big Schwartz
    Physician Gold Donor Classifieds Approved 5+ Year Member

    Oct 4, 2012
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    Resident [Any Field]
    The school develops a yearly Cost of Attendance for all students. You are allowed to borrow or get scholarships/grants for anything up to that amount. If you have special circumstances they will increase that number for you. I can't imagine them ever decreasing the COA for someone unless you already had been approved for an increase because you needed to pay those loans.

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