<p>Its 6 thousand for the first year and has “Unsubsidized Stafford Loan” next to it.
That’s the school giving me money, right?
And I have to pay back that with interest?
And i can reject it, right?</p>
<p>An unsubsidized Stafford loan is a federal loan that all students are eligible for. As it is unsubsidized you are liable for the interest from the day the loan is disbursed (subsidized loans the govt pays the interest while you are in school). Yes you must pay the interest and must repay the loan. Yes you can turn the loan down. </p>
<p>Are you a transfer student or an independent? The maximum Stafford for a dependent freshman is $5500 (unless a parent has been rejected for a PLUS loan, then it is $9500) so I am surprised you say they have offered you $6,000.</p>