Loan Aggregate Reviews

mfaraday
Tue, 13 Aug 2019 10:45:12 +0000

I started back pursuing my college degree 5 semesters back. I am totally disabled and only attend part-time. Because of a previous student loan and the added interest from 25 years ago( 1994), I have a high aggregate in total student loans( $33000 total, $15000 subsidized) with 2 semesters remaining just to acquire my Associate’s degree. My school recently performed a Loan Aggregate review on me and limited my student loans for the next 2 semesters to $2000 unsubsidized even though my FAFSA approved me for an additional $3000 in subsidized loans for the same 2 semesters because of my high loan aggregate. I currently have a 4.o GPA and have completed 100% of my attempted classes. I am planning on transferring to another college and pursuing my Bachelor’s after completing my Associates so I do understand being careful with my loan aggregate. However, my cost of going back to college as a disabled person is somewhat greater because I cannot work and provide for other needs that arise as a result of going to college that non-disabled students are able to pay for or are not needed if one is not disabled. While I understand what they are trying to do in limiting my loans, this action will hinder my attempts at finishing my degree. Is there any appeals process for an Aggregate Review finding from a college or am I stuck with their decision? Thanks!