Not sure I follow the above scenario, but I know there's a couple months turn around for returning or changing your loan amount where it will be credited back as a decrease in the loan amount (and not a "payment" on the principle/interest).Smallville wrote:One of the fin aid dudes I talked to at a ASW said you could just go, cut the amount and then re-add $ up till the last day of class (I would assume first semester but no clue) so you would at least have a decent idea of what you would need totalslippin_jimmy wrote:Ugh I hate to be ~on topic~ but are there any good resources floating around TLS re: budgeting/reducing your borrowing? Looking at the projected COA for my school and trying to see how much I can cut, etc. I did a quick google and obviously understand basic budgeting.... but I'm just lookin for more things to read.
Currently looking for source. This is the first I found: http://www.vcom.edu/financial/returning_funds.html
You can also go full loans first year (or a more liberal range), then evaluate how you used those funds over the year and cut down on loans the next year.