Monday, October 26, 2009

Two Subsidized Loans At Once?

I Had Got a subsidized loans for the fall 07 and spring 08 I recetly got the other half,and I just applied for subsidized and unsubsidzed for the spring of 2008..so I know i'll get the unsubsidized..but are they gonna give me another subsidized for the same semster?



Two Subsidized Loans At Once?

I'm confused by your question here....



You say you just applied for both loans for the spring of '08 (the FAFSA)--is this the application for the '08-'09 school year, or did you make changes to your application in hopes for the current spring semester?



Your FAFSA application is good for one entire school year as indicated on the website. The application that got you your aid for the fall semester is the SAME one that applies to the spring semester of the same school year. If you filled out an application this month, you most likely filled out the application for next school year. However, you don't indicate this in your question description!



The federal aid basically decides your college expenses, your EFC, and allocates a maximum amount of loans and aid that you can receive. If you declined the subsidized for the fall '07 semester, but accepted it this semester, then yes--you will get it. There is only one subsidized loan you can receive for federal aid. They divide up your loan into two segments, based on what amount you choose to accept, and give out the dividend at each semester.

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