Emory loan cap

Colleges & Universities Emory University
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<p>With the Loan Cap Program, students receive a standard financial aid award for freshman and sophomore years. This award could include federal or state aid, institutional loans or grants, and Work-Study. After a student has accrued a total of $15,000 in Federal Subsidized Stafford Loans, Emory will provide grants to cover any remaining need-based funding incurred until degree completion.</p>

<p>[Loan</a> Cap Program](<a href=“Emory Advantage | Emory University | Atlanta GA”>Emory Advantage | Emory University | Atlanta GA)</p>

<p>Everything seems pretty self-explanatory here, got my financial-aid package which was pretty good, everything is looking good until I noticed something which I need some more explanation on. What does it mean by “receive a standard financial aid award for freshman and sophomore years”. Does this mean that I won’t get financial aid junior and senior year? lol im sure that is not the case but still kind of confused what it means.</p>

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<p>lol No. What this means is that you’ll receive a financial aid package as if their were no loan cap until your junior and senior year. Assuming that you have $15,000 in federal loans entering your junior year, the loans that you would receive for your junior and senior year will be replaced by grants–assuming you’re still eligible for the program based on income (between 50,000-$100,000 with typical assets).</p>