Possible Change in Professional/Grad Student Federal Loans?

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HOPEFORCHANGE
Posts: 340
Joined: Fri Feb 04, 2011 12:22 am

Possible Change in Professional/Grad Student Federal Loans?

Postby HOPEFORCHANGE » Mon Apr 04, 2011 8:21 pm

I received an e-mail from a law school that I was accepted to, stating the following: "Due to a possible change in legislation for Graduate and Professional Federal student loans, we have delayed our financial aid awarding."

They say they hope to give info out in April. What is this possible change? Does anyone know?

Thanks

Jeffro
Posts: 163
Joined: Wed Nov 24, 2010 11:41 pm

Re: Possible Change in Professional/Grad Student Federal Loans?

Postby Jeffro » Mon Apr 04, 2011 9:29 pm

It was announced at the IU-Bloomington ASW that subsidized Stafford loans for beyond undergrad are probably going away due to the budget crisis. Their financial aid guy said to go ahead and max those out if using them at all, especially if it's an option for law school summer start programs (your aid determination is based on what you might have used this school year for summer, not what it will be starting in fall). That's the only thing I can think it might be. They are probably waiting to see if they have to offer you a large unsubsidized Stafford, Grad Plus loans, etc.

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awilson11
Posts: 233
Joined: Sat Sep 25, 2010 4:25 pm

Re: Possible Change in Professional/Grad Student Federal Loans?

Postby awilson11 » Sat Apr 09, 2011 6:53 pm

At UT, the budget debate in the state has caused them to delay giving any need grants out until summer, but they did offer a complete loan package.




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