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Reply to "Have plenty in 529, but still taking out loans "
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[quote=Anonymous]The ignorance about financial aid is astounding. EVERYONE, regardless of family income, is eligible for an unsubsidized federal Stafford loan. https://studentaid.gov/understand-aid/eligibility/requirements [b]Basic Eligibility Criteria[/b] Our basic eligibility requirements are that you must demonstrate financial need (for most programs); be a U.S. citizen or an eligible noncitizen; have a valid Social Security number (with the exception of students from the Republic of the Marshall Islands, Federated States of Micronesia, or the Republic of Palau); be enrolled or accepted for enrollment as a regular student in an eligible degree or certificate program; be enrolled at least half-time to be eligible for Direct Loan Program funds; maintain satisfactory academic progress in college or career school; sign the certification statement on the Free Application for Federal Student Aid(FAFSA®) form stating that you are not in default on a federal student loan, you do not owe money on a federal student grant, and you will use federal student aid only for educational purposes; and show you’re qualified to obtain a college or career school education by having a high school diploma or a recognized equivalent such as a General Educational Development (GED) certificate; completing a high school education in a homeschool setting approved under state law (or—if state law does not require a homeschooled student to obtain a completion credential—completing a high school education in a homeschool setting that qualifies as an exemption from compulsory attendance requirements under state law); or enrolling in an eligible career pathway program and meeting one of the "ability-to-benefit" alternatives described below.[/quote]
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