Does turning down GradPlus loans affect future aid?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
lederuvdapac
Posts: 2
Joined: Tue Apr 26, 2011 3:46 pm

Does turning down GradPlus loans affect future aid?

Postby lederuvdapac » Mon May 16, 2011 9:46 am

Hey, I have a quick question regarding financial aid. I am attending George Mason Law in the fall and after going over the paperwork, I am questioning whether to accept the GradPlus loan. My parents are willing to help me out with living expenses but I was wondering if turning down aid will mean the financial aid office thinks that I don't need aid in the future. Has anyone experienced this?

littlebit
Posts: 77
Joined: Thu Nov 08, 2007 10:01 am

Re: Does turning down GradPlus loans affect future aid?

Postby littlebit » Mon May 16, 2011 10:15 am

Yes, and I received the same offer of grad plus loans in year 2 & 3. Also received same grants, etc.

Miracle
Posts: 929
Joined: Fri Dec 19, 2008 9:25 pm

Re: Does turning down GradPlus loans affect future aid?

Postby Miracle » Mon May 16, 2011 10:18 am

I always believed that you had to apply for grad plus loan? don't you?

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northwood
Posts: 4872
Joined: Fri May 14, 2010 7:29 pm

Re: Does turning down GradPlus loans affect future aid?

Postby northwood » Mon May 16, 2011 10:39 am

no. If you need more money at any time in your law school experience- just go to financial aid and talk to the counselor. If you dont need the grad plus loan, dont take it. It will always be an option, you just have to go apply for it if and when you need it.

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DocHawkeye
Posts: 640
Joined: Fri Oct 29, 2010 11:22 am

Re: Does turning down GradPlus loans affect future aid?

Postby DocHawkeye » Tue May 17, 2011 9:14 am

Miracle wrote:I always believed that you had to apply for grad plus loan? don't you?


The school can apply for you. They often do if your financial need can't be met in other ways.




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