NEW HERE? LEARN MORE
closeclose
Last visit was: 26 Apr 2024, 00:17 It is currently 26 Apr 2024, 00:17
Decision Tracker
My Rewards
New posts
New comers' posts

Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

FAFSA - stafford loan - only $20,000 ?????

SORT BY:
Date
Kudos
avatar
zl2013
Intern
Intern
Joined: 29 Aug 2012
Posts: 23
Own Kudos [?]: [0]
Given Kudos: 0
Send PM
FAFSA - stafford loan - only $20,000 ????? [#permalink] New post   14 Jan 2013, 17:29
Just fill out my fafsa today (us citizen)

At the end, it tells me that i might me eligible for the stafford loan for ONLY $20,000. Is it normal?????

Can i get other loans to cover the rest of the tuition and living expensses???

If so, do those loan also covers international schools?

Thanks guys!!!
avatar
packet82
Senior Manager
Senior Manager
Joined: 29 Aug 2012
Posts: 454
Own Kudos [?]: 53 [0]
Given Kudos: 6
Location: United States (WA)
Concentration: International Business, Entrepreneurship
Schools: Haas EWMBA '16 (M) Anderson FEMBA '16 (A)
Send PM
Re: FAFSA - stafford loan - only $20,000 ????? [#permalink] New post   15 Jan 2013, 10:20
Stafford loans are limited to a maximum of $20,500:

https://studentaid.ed.gov/types/loans/su ... subsidized
avatar
Moodyz
Intern
Intern
Joined: 30 Apr 2012
Posts: 43
Own Kudos [?]: 5 [0]
Given Kudos: 4
Send PM
Re: FAFSA - stafford loan - only $20,000 ????? [#permalink] New post   18 Jan 2013, 14:36
packet82 wrote:
Stafford loans are limited to a maximum of $20,500:

https://studentaid.ed.gov/types/loans/su ... subsidized


So considering no scholarship $, we'll need to find private loans to fill in the gap?
User avatar
cheetarah1980
VP
VP
Joined: 24 Aug 2010
Status:Current Student
Posts: 1332
Own Kudos [?]: 447 [0]
Given Kudos: 74
Location: United States
Schools: Kellogg '14 (A) Wharton '14 (A) Stanford '14 (D) Booth '14 (M)
GMAT 1: 710 Q48 V40
WE:Sales (Consumer Products)
Send PM
Reviews Badge
Re: FAFSA - stafford loan - only $20,000 ????? [#permalink] New post   18 Jan 2013, 17:34
Grad Plus loans can make up the rest of the gap to the student budget. You may find a better rate with private loans though.
User avatar
mappleby
Senior Manager
Senior Manager
Joined: 04 Oct 2011
Posts: 432
Own Kudos [?]: 132 [0]
Given Kudos: 150
Concentration: Finance
Schools: Booth '15 (II) CBS '15 (M$)
GMAT 1: 700 Q44 V41
GMAT 2: 750 Q48 V46
GPA: 3.03
WE:Project Management (Military & Defense)
Send PM
Reviews Badge
Re: FAFSA - stafford loan - only $20,000 ????? [#permalink] New post   19 Jan 2013, 09:11
cheetarah1980 wrote:
Grad Plus loans can make up the rest of the gap to the student budget. You may find a better rate with private loans though.


You can find a better rate with private loans but in many cases they are variable rate instead of fixed rate so beware of the fine print. Also, the Grad Plus loans should have similar repayment clauses if you have low/no income for some reason upon graduation. Most private lenders give you no options, payments start as soon as you graduate and don't stop until they are completely paid off. Personally I'm considering the Grad Plus loans even though they are a higher rate.
GMAT Club Bot
gmatclubot
Re: FAFSA - stafford loan - only $20,000 ????? [#permalink]
19 Jan 2013, 09:11

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions