Thursday, November 19, 2009

Student loans for part-time grad student?

I'm a new grad student and my program only offers 2 classes each of the three semesters, fall, spring, and summer. Being a half-time student taking 6 hours instead of the normal full-time 9 hours will I still be able to get the full $20,500 stafford loan?





I know going half-time reduces your loan amounts for undergrad, but I'm not sure if grad school follows the same rules.





Thanks!

Student loans for part-time grad student?
There are two sources for student loans -- the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). In most%26lt;!--instances the FAFSA is required for all federal financial aid including federal student loans. Deferment options are available while you are still attending school at least half-time. There are four main federal loan programs.





http://best-loans.awardspace.com/student...





Federal loan consolidation is for students who are in repayment status or parents who wish to extend the repayment period on their current PLUS and obtain a fixed interest rate for the life of the loan--%26gt;you can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.
Reply:Yes, it will reduce the amount you can borrow. NOTE: Half of 9 hours is not 6. Half of 9 is 4.5


No comments:

Post a Comment