Is FAFSA required to get subsidized loans?

twoinanddone
Wed, 10 Jul 2019 22:38:51 +0000

$2000 of the total loan amount ($6500 for sophomores) is always unsubsidized, so the most she’d be eligible for is $4500 in subsidized loans. Yes, you can apply for it during the school year but you, of course, have to pay your bill at the beginning of each semester. You cannot get the loans for past semesters so don’t wait until late May to apply.

Usually the loans will be on the financial aid page and you go through and accept or decline the different awards. Normally, all grant based aid is automatically accepted for the student (Pell grants, SEOG) because who doesn’t want free money? but the loans you have to click to accept. If you ‘decline’ you can later go to the FA office and accept.