Help explain my financial award (or lack thereof)???

[Doctor_Strange]

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Federal Direct Unsubsidized Ln: Total - $42,700
Federal Direct Graduate PLUS Loan: Total - 21,138
Total: $63,860

I was on a major scholarship in college and the remainder of my tuition my parents paid, so the realm of financial aid is all new to me. AFAIK, Graduate PLUS Loan has a higher interest rate and so that is to be avoided. I guess I wanted to know, though, pros and cons of either loan option for my school. I'll be attending LECOM-SH, tuition is about 32k per semester.

 

[Bru]

Stafford Federal direct Unsub loans are better than Grad Plus. Unfortunately they are capped ($42700 this year). If you are going to take out loans, start with stafford first then move to grad plus. You can't have to take out the entire loan allotment at the onset. You can take disbursements as needed during the year. Your package is fairly standard.