Paying off loan during school

SeniorPUL
Wed, 11 Jul 2012 14:47:21 +0000

Hello,

So I got a job this summer and I was planning on paying off my unsubsidized loan from my first year so that it doesn’t continue to gain interest throughout my remaining three years. However, I remembered that loan balance is included on the FAFSA somewhere.
My question is whether paying off a small direct unsubsidized loan would make me ineligible to receive the same loan for future years? I do not want FA to think I do not need the loan, but if I have the money now to pay off one of them I’d like to get it out of the way.

Thanks!