NYU loan received but...

[gegogi]

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I got noticed that I received financial loans and stuff below, but it's too away to reach their tuition. Do I have to pay through private loans? Do I have to find any way to take loans from another or will nyu give me some info to do?
Thanks.

Fund Amount Message
Fall DEN1 (10) Direct Stafford Loan $4,250.00
Direct Unsubsidized Stafford Loan $16,000.00
Direct Graduate PLUS Loan $30,250.00
Subtotal $50,500.00
Spring DEN1 (11) Direct Stafford Loan $4,250.00
Direct Unsubsidized Stafford Loan $16,000.00
Direct Graduate PLUS Loan $30,250.00
Subtotal $50,500.00

 

[MattEvers]

The way this reads to me is that you are receiving a little over $100,000. That will not be enough for the first year?

 

[gegogi]

Oops sorry. I thought it's only for one year each. Thanks!

 

[Blue Panther]

Fund Amount Message
Fall DEN1 (10) Direct Stafford Loan $4,250.00
Direct Unsubsidized Stafford Loan $16,000.00
Direct Graduate PLUS Loan $30,250.00
Subtotal $50,500.00
Spring DEN1 (11) Direct Stafford Loan $4,250.00
Direct Unsubsidized Stafford Loan $16,000.00
Direct Graduate PLUS Loan $30,250.00
Subtotal $50,500.00

FALL 2010...From August 2010 - December 2010
Spring 2011...From January 2011 - May 2011 or July 2011 (if the summer is included)

 

[DDMess]

and you're going to become a dentist

 

[Schwanz]

and you're going to become a dentist

I agree!

 

[pawkinlot]

I agree!

LOL, we ALL make mistakes 😎

 

[AskJeeves]

I got noticed that I received financial loans and stuff below, but it's too away to reach their tuition. Do I have to pay through private loans? Do I have to find any way to take loans from another or will nyu give me some info to do?
Thanks.

Fund Amount Message
Fall DEN1 (10) Direct Stafford Loan $4,250.00
Direct Unsubsidized Stafford Loan $16,000.00
Direct Graduate PLUS Loan $30,250.00
Subtotal $50,500.00
Spring DEN1 (11) Direct Stafford Loan $4,250.00
Direct Unsubsidized Stafford Loan $16,000.00
Direct Graduate PLUS Loan $30,250.00
Subtotal $50,500.00

You should max out on Perkins and Health related loans and decrease the PLUS loans since the Perkins and Health loans have lower interest rates.

 

[gegogi]

You should max out on Perkins and Health related loans and decrease the PLUS loans since the Perkins and Health loans have lower interest rates.

Thanks. Anyone who knows what loans have lower interests than the PLUS loans(7.9%)?
Thanks

 

[AskJeeves]

Thanks. Anyone who knows what loans have lower interests than the PLUS loans(7.9%)?
Thanks

In my NYU aid package, they included an NYU grant of 10,500 each semester and the interest was subsidized by the school so interest did not accrue until 9 months after graduation and the interest rate was 5%. I thought everyone was given that grant since everyone that I knew who got into NYU got it.