Unsubsidized Stafford?

[cotjockey]

---

Members do not see this ad.

OK, I'm a bit confused.

Last year, my wife and I made quite a bit of money (and paid a lot of taxes), but in the Fall I will be unemployed. In the mean time, I'm working and trying to save money for school. So for 2003 I will also make a decent amout of money(in perspective).

How do they determine your financial need for the unsubsidized loans? As a poor, unemployed medical student, will I automatically qualify for $38500/yr in federal loans?

 

[Mutterkuchen]

Originally posted by cotjockey
OK, I'm a bit confused.

Last year, my wife and I made quite a bit of money (and paid a lot of taxes), but in the Fall I will be unemployed. In the mean time, I'm working and trying to save money for school. So for 2003 I will also make a decent amout of money(in perspective).

How do they determine your financial need for the unsubsidized loans? As a poor, unemployed medical student, will I automatically qualify for $38500/yr in federal loans?

Yes. Bill Gates would qualify for the full amount of an unsubsidized Stafford loan if he chose to go back to college.