booker09 wrote:hey all, sry if this has already been discussed, but what kind of financial aid packets have ppl been getting?
i (finally!!) got my financial aid packet over the phone, and was told that it was $20,500 in stafford loans. on the FAFSA website, it says $20,500 is the max amount for a grad student per year, but only less than half of it is subsidized. i was wondering if anyone got any other kind of loan (anything other than stafford?).
$20,500 is the max per year in Stafford Loans. To cover any difference between your financial aid award letter and the total cost of living per year for Emory (~63k), you can take out Grad Plus loans. As far as I know there are no federal grants for graduate school.
Grad plus loans are at a fixed interest rate of 8.5%, interest starts when the loan is issued, and payments start after graduation (90 days I believe).
http://www.emory.edu/FINANCIAL_AID/grad ... e-plus.php
http://studentaid.ed.gov/PORTALSWebApp/ ... udents.jsp