<p>[College</a> Search - Haverford College - Cost & Financial Aid](<a href=“College Search - BigFuture | College Board”>College Search - BigFuture | College Board)</p>
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<p>doesn’t taking out a $539 loan seem kinda pointless? and that’s just average, meaning students have taken out/the school has offered even smaller loans…</p>
<p>May seem pointless but I suppose for those need based, that can be the money they just can’t get any other way at the moment.</p>
<p>Sounds like they may be including “Emergency Loan” figures, if the school offers those.</p>
<p>I have my school covered completely for this fall, but I needed to take out a small loan just to help cover gas and small costs to get there until I start to get work-study money. I would only need about $100, but the minimum is $500 for Stafford loans. I’m guessing a lot of people there did the same thing.</p>
<p>$500 short is $500 short.</p>
<p>It’s an average. It’s not going to be entirely representative of a typical loan. There are probably a large majority of students at the college that do not take loans at all which are skewing the number.</p>
<p>^why would an average loan figure include people who are not taking loans?</p>