Is it possible to accept only a portion of the Grad Plus?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
lsatextreme
Posts: 523
Joined: Thu Sep 24, 2009 2:18 am

Is it possible to accept only a portion of the Grad Plus?

Postby lsatextreme » Fri Apr 29, 2011 2:30 am

So if say for example I'm offered 40k in Grad Plus loans in my financial aid package, is it possible to accept a fraction of it? Or is it take the whole amount or leave it?

Bumi
Posts: 947
Joined: Sun Jul 25, 2010 4:57 pm

Re: Is it possible to accept only a portion of the Grad Plus?

Postby Bumi » Fri Apr 29, 2011 2:34 am

My 0L understanding is that you can take only what you need.

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Na_Swatch
Posts: 472
Joined: Sun Sep 20, 2009 4:40 pm

Re: Is it possible to accept only a portion of the Grad Plus?

Postby Na_Swatch » Fri Apr 29, 2011 2:44 am

As an actual recipient of a loan package, yes that is correct (altho if you get grant aid you might be required to take a certain amount... I don't think this is a widespread condition tho)




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