chrisokc wrote:Saurus wrote:I was just curious about student loans through the school, I was given scholarship money (20,000/year) and I've already submitted my FAFSA (before April 1st, so I have priority consideration), but I'm not entirely clear on how the award amount works.... for example, does the school usually award enough in loans to cover the cost of admission? What are the award amounts based on? I'm pretty clueless on this issue, any insight would be appreciated.
Anyone can borrow up to $20,500 made up of subsidized and unsubsidized Stafford loans. You can borrow the difference between the $20,500 and total cost of attendance through Grad PLUS loans.
So.... is the $20,500 the total amount of subsidized and unsubsidized Stafford loans, or is that per year? Also, what are the qualifications to be eligible for a Grad PLUS loan?