Aggregate lifetime subsidized limit

kelsmom
Mon, 02 Sep 2013 21:04:37 +0000

If you were awarded too much in sub as an undergrad, you do have to resolve that issue before you can receive aid as a graduate. If you have consolidated your loans, that is considered to have resolved the overpayment. From the FSA Handbook: “If a student has consolidated the loan(s) that exceeded the annual or aggregate loan limit, he or she is considered to have made satisfactory arrangements to repay the debt, and no additional action on the part of the student is required. This is true regardless of the type of loan (FFEL or Direct) consolidated and no matter the type of consolidated
loan the student obtained.” Make sure all of your loans are included in the consolidation, and if they are, contact the school to point this out. Not all aid officers are as knowledgeable as they should be, so you may have to ask to speak with a manager.