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College and University Discussion
Reply to "Financial Aid --- can anyone get unsubsidized federal loans? Kid's contribution to college costs?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We filed the FAFSA specifically for the unsubsidized student loans. (We do not qualify for any other type of financial aid.) Each kid is taking the maximum amount of unsubsidized student loans ($5500 for freshman, $6500 for sophomore, and $7500 for junior and senior years). We ask that they apply the loans towards tuition, and we pay the balance. We are paying for a portion of tuition, fees, plus room and board. Each kid is earning money to pay for books and supplies, transportation, and miscellaneous expenses.[/quote] Hopefully someone is paying the interest on those loans while they're in school [/quote] If you must know -- yes.[/quote]
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