I tried asking this on the estimated cost thread and didn't hear back, so I was hoping a current Penn student could answer for me, since I'm pretty sure this is where I'm going...
Question about the refund checks for loans, is it one per semester or one per year? Do they just divide the amount asked for in half and give you half in August and the rest in January? The reason I'm asking is that I have enough money left in my college fund to pay for my first semester tuition and most likely living expenses too, but I would need loan money for the second half. So if the amount I plan to pull out for the first year is only about half of the cost of attendance, will that still be given to me in two pieces, and I just have to save the leftover from first semester so I have enough for second semester? Also, how do I designate how much I want to take out per semester/year?