Is there anyway that I can request to have Perkins loans substitute for some part of my unsub stafford and take out more money with that then? currently they gave me only 30k and i was hoping to get about 35k/year (with as much non-accruing loans as possible).
If they had money to give you in Perkins Loans, they likely would have already included it in your award letter. They only have so much to give, so they try to allocate it among the students they think have the greatest need. However, it never hurts to ask!
As far as the TOTAL amount, they would simply replace Unsubsidized Stafford Loans for the Perkins Loan, the total would remain the same. To get money in excess of the school's estimated cost of attendance + living expenses, you have to have special permission from the financial aid office.
For example, if you had children and needed to pay childcare expenses (and could provide proof), they may increase your total budget above the $30K. Other things you may get an increase in your budget for: unexpected medical bills, car repairs, computer for school, etc. However, if your school's budget is set at $30K for your first year, you cannot get extra financial aid money unless you meet one of their special criteria. Any additional money must be taken out as private loans through your traditional banks (Wells Fargo, Bank of America, etc.)
It was confusing to me at first, I was hoping to pay off some credit card debt and my truck with Unsubsidized Staffod Loans, then paying them back at the 2.5-3.5% interest rates.... TOO BAD IT DOESN'T WORK THAT WAY!
I hope this answers your question. If not, feel free to PM me, it took awhile to figure out the whole system!