How do you go about accepting FAFSA loans?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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Dr Clifford Huxtable
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Joined: Tue Jan 07, 2014 8:12 pm

How do you go about accepting FAFSA loans?

Postby Dr Clifford Huxtable » Mon May 11, 2015 9:37 pm

I already applied for the FAFSA back in January. Everything was completed and they gave me the estimated loan amounts.

So, how does one actually go about taking out the loans and specifying how much they would like to take out?

Also, is there a deadline for doing this?

Wingtip88
Posts: 247
Joined: Fri Feb 14, 2014 10:00 pm

Re: How do you go about accepting FAFSA loans?

Postby Wingtip88 » Mon May 11, 2015 9:46 pm

The schools you've been accepted to/deposited at will provide a financial award letter which you can accept or decline (or reduce the total amount needed, if you saw fit.)

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Dr Clifford Huxtable
Posts: 13
Joined: Tue Jan 07, 2014 8:12 pm

Re: How do you go about accepting FAFSA loans?

Postby Dr Clifford Huxtable » Tue May 12, 2015 1:39 am

Wingtip88 wrote:The schools you've been accepted to/deposited at will provide a financial award letter which you can accept or decline (or reduce the total amount needed, if you saw fit.)


So if you want to reduce the loan amount, do you just contact them and tell them before accepting?

Wingtip88
Posts: 247
Joined: Fri Feb 14, 2014 10:00 pm

Re: How do you go about accepting FAFSA loans?

Postby Wingtip88 » Tue May 12, 2015 7:58 pm

I think you can even do it after the fact. The award letter webpage should have instructions.




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