Temple Students: University-Based Loan Question

[ORLO]

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I realize that this is most likely a simple question with a very simple answer, but if any current Temple student would be able to answer this I greatly appreciate it...I called Temple today to ask if I needed to send in copies of my income tax return in order to recieve my Stafford Loan. Although the woman told me that I do need to send in these copies, she said that they are not for the Stafford loan but rather for university-based loans which have 5% interest (compared to the Stafford loans 6.8%)...My question is: can any student recieve this university-based loan or is it solely based off of my income and my parents income?

Also, when and how did you take out your loan (be it the Stafford or university-based loan)?

Thanks again for any help!

 

[Dentgirl09]

I realize that this is most likely a simple question with a very simple answer, but if any current Temple student would be able to answer this I greatly appreciate it...I called Temple today to ask if I needed to send in copies of my income tax return in order to recieve my Stafford Loan. Although the woman told me that I do need to send in these copies, she said that they are not for the Stafford loan but rather for university-based loans which have 5% interest (compared to the Stafford loans 6.8%)...My question is: can any student recieve this university-based loan or is it solely based off of my income and my parents income?

Also, when and how did you take out your loan (be it the Stafford or university-based loan)?

Thanks again for any help!

Thanks for asking this-- I am curious as well. Also, should I start sending in these papers to the school? What if I only did work-study and do not have an income tax return for last year? Did anyone hear what they received in their financial aid packed or have a timeline for when we shoudl hear something?
Thanks ORLO for bringing this topic up!

 

[toofshucker]

The 5% loan is the Health Professions Loan and you need your parents info to get it. It is a good deal: 5% that doesn't start to accrue until a year after you graduate. But don't do it. Cause the less people that do it, means more money for me. 😀

 

[ORLO]

The 5% loan is the Health Professions Loan and you need your parents info to get it. It is a good deal: 5% that doesn't start to accrue until a year after you graduate. But don't do it. Cause the less people that do it, means more money for me. 😀

Thanks for the info.