gossipgirl wrote:Is the amount that we're putting down as the amount we want to borrow on these forms something that can be amended at a later date? If I put down 40k in GradPlus loans for the whole 2012-13 year, for example, and then only need 10k in August and 10k in January, can I just choose not to take the disbursement then or are we locked into taking the whole amount initially?
I know you can just pay it back if it's too much but there's a huge origination fee on these loans so I don't needlessly want to pay those fees.
I asked this too. You can amend how much you're borrowing at any time. If you overborrowed just return the money, if you underborrow you can get more. But keep in mind that the origination fee (4%) gets capitalized, not sure how refunding that works.