How can you get $38,000/year in stafford loans? I thought you could only get a max of $18,500/year ($10,000 from unsub. and $8,500 from subsidized).
Will someone please explain?
Will someone please explain?
loans
- Thread starter thistle
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I was going to elaborate in my previous post, but I didn't think you'd be interested. Sorry!
You're right, the ordinary cap for graduate Stafford loans is $18.5k/year. Some professional programs are granted additional allowances, and dentistry is one of them. We're permitted an additional $20k/year in unsubsidized loans, up to a lifetime maximum of just a smidge under $190k for all government loans.
You're right, the ordinary cap for graduate Stafford loans is $18.5k/year. Some professional programs are granted additional allowances, and dentistry is one of them. We're permitted an additional $20k/year in unsubsidized loans, up to a lifetime maximum of just a smidge under $190k for all government loans.
Aphistis,
thanks for your quick reply!
My financial aid report said that I can get $18,500. Does that mean that I was not eligible for the extra 20,000?
I find this confusing since my EFC was only $1,450.00
thanks for the help!
thanks for your quick reply!
My financial aid report said that I can get $18,500. Does that mean that I was not eligible for the extra 20,000?
I find this confusing since my EFC was only $1,450.00
thanks for the help!
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Different Schools/States have different Budgets. You better check with your financial aid officer. From my expereince, UNLV has a higher maximum Unsubsudized amount versus UC's. Are you sure you only qualify for 18.500 for unsub? That seems like a mistake! What school will you be matriculating?
s.mutans,
I'll be going to UNC. The financial aid report they sent to me stated that I could get $4, 250 each semester subsidized stafford and $5,000 each semester unsubsidized stafford. This adds up to $18,500 for the whole year. Should I just contact the school and see if I can get more?
thistle
I'll be going to UNC. The financial aid report they sent to me stated that I could get $4, 250 each semester subsidized stafford and $5,000 each semester unsubsidized stafford. This adds up to $18,500 for the whole year. Should I just contact the school and see if I can get more?
thistle
hold on a minute.
From what I know, the max for dental programs are $30K unsub and $8.5k sub per year, totaling 38.5k per year for staf loans. and there's perkins, but that is determind by the financial officer. then there's private after that. and i think this is so (the new max on the unsub) because they got rid of one of the federal loans (i think the Health professions loan). check on it.
From what I know, the max for dental programs are $30K unsub and $8.5k sub per year, totaling 38.5k per year for staf loans. and there's perkins, but that is determind by the financial officer. then there's private after that. and i think this is so (the new max on the unsub) because they got rid of one of the federal loans (i think the Health professions loan). check on it.
