Declining a portion of the loan?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
Jlyyep
Posts: 25
Joined: Tue Jan 03, 2017 6:44 pm

Declining a portion of the loan?

Postby Jlyyep » Thu May 18, 2017 5:38 pm

Hey all,

So the law school I'm attending offered a financial package that offered me a loan package that has loans that exceed the cost of tuition by itself. I can pay for the living/school expenses outside of tuition, and don't need to take that extra amount out with the loan — is there a way I can decline that amount of money from my unsubsidized loan?

Thanks!

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TheWalrus
Posts: 1105
Joined: Sun Jun 02, 2013 3:24 pm

Re: Declining a portion of the loan?

Postby TheWalrus » Thu May 18, 2017 7:02 pm

Jlyyep wrote:Hey all,

So the law school I'm attending offered a financial package that offered me a loan package that has loans that exceed the cost of tuition by itself. I can pay for the living/school expenses outside of tuition, and don't need to take that extra amount out with the loan — is there a way I can decline that amount of money from my unsubsidized loan?

Thanks!


Yeah, you can just choose the amount you want when accepting aid for the year. The high end is just the amount you qualify for.




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