You are allowed to receive subsidized and unsubsidized loan for the same enrollment period, so long as the
combination doesn't exceed the annual loan limit.
Subsidized and Unsubsidized Loan Limits
The amount you can borrow will be less during periods of study shorter than an academic year. If you receive
other financial aid that is used to covers a portion of the cost of attendance, you could receive less from
your subsidized or unsubsidized loans.
Your chosen academy can refuse to certification of your loan application, so long as they provide a written
explanation. The school may also certify a loan for an amount less than what you otherwise would be eligible
to receive. If your school certifies an amount less than what you qualify for, they must provide a written
explanation of why such action was taken. The school's decision is always final and cannot be appealed to us.
Stafford Loans will come with some additional charges other that the interest. You will also be charged a fee up
to 4% of your loan, which will be deducted proportionately from each loan disbursement. Do to this deduction
the actual amount you receive will be less than the amounts you are borrowing.
The loan money must first and foremost be used to pay your tuition, fees, and housing. You will receive any
remaining funds either by cash or check. You have the option to allow the school to retain the funds for
future academic use.
Call 1-800-4-FED-AID if you have any additional questions about Stafford Loans