GreySkyEyes wrote:What? No. Once you do the FAFSA you don't have to apply for any individual loans. The office handles all of that. They like getting their students the money required to live.
Hmm... trying to follow along here... My tuition at the school I will likely attend is 44K out of state... I have a 50% scholarship and my parents will probably write a check for 22K to cover the other half. The question is, will I be able to take the 10-12K I want out of the 20,500? Seems like you two disagree on that.
Depends on if you qualify for the full 20,500 (you'll know soon enough through the FIN AID packet put together by your school). Like I said, I don't know particulars to if you qualify for the subsidized(need based) loans, but you will qualify for the 12k(all grad students qualify). If you do qualify for the whole amount, then you can borrow whatever amount you want from the, 20.5K. You could also borrow beyond that, with the PLUS loan, if needed/wanted.