The applied Stafford and/or PLUS Loan amount(s) on my student bill doesn match the net loan amount(s) I expect to receive this semester. Why?
Most lenders charge a fee for the processing of educational loans. Fees charged on educational loans vary from lender to lender. For billing purposes, the applied loan amount is calculated by deducting an estimated fee amount from the approved loan amount. The exact fee on your loan may be greater or less than the estimated fee used to calculate the applied loan amount. In any event, the loan amount disbursed to your student account will be based on the exact fee charged.
Related Questions
- The applied Stafford and/or PLUS Loan amount(s) on my student bill doesn match the net loan amount(s) I expect to receive this semester. Why?
- If Federal PLUS Loan funds create a FSA credit balance, may the funds be paid to the student instead of the parent borrower?
- How is the parent PLUS Loan applied toward my student’s tuition bill?
