Can I use all my Federal Direct Stafford Loan eligibility to pay my fall semester tuition and not worry about applying for a private loan until spring?
Unfortunately, you cannot utilize your maximum federal loan eligibility in a single semester unless you happen to be graduating that semester. Otherwise, all financial aid requested will be split equally between the fall and spring semesters. Likewise, if you are enrolled in both summer sessions, your aid will be equally split between summer one and summer two.
- Fall tuition is due the first week of August. How do I use private or PLUS loan funds to help pay my tuition bill if the funds are not disbursed until the week before classes begin?
- Must a school determine a students eligibility for a subsidized Federal Stafford Loan before determining a parent borrowers eligibility for a Federal PLUS Loan?
- Can a school deny a students eligibility to borrow a Federal Stafford Loan based solely on the fact that his or her parent has defaulted on a Federal PLUS Loan?