Navigating financial aid

[hocus_bolus]

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Hello, I recently got admitted to a school and will be attending in August. FAFSA was late this year, and I just received my financial aid report and my student aid index (SAI) is -1500 (reflecting the most need). When I checked for my school's financial aid offer, it showed the total cost of attendance (70k) and then an unsubsidized loan (40k). I am confused as to what this means. Am I to take the unsub loan and then take out a loan for the other 30k?

 

[ciestar]

Hello, I recently got admitted to a school and will be attending in August. FAFSA was late this year, and I just received my financial aid report and my student aid index (SAI) is -1500 (reflecting the most need). When I checked for my school's financial aid offer, it showed the total cost of attendance (70k) and then an unsubsidized loan (40k). I am confused as to what this means. Am I to take the unsub loan and then take out a loan for the other 30k?

Yes. GradPlus loans would cover the rest.