Penn State and Loans

Michina20
Tue, 22 Apr 2008 15:30:55 +0000

Thanks so much for the replies…

Please if possible explain the following. I went both to the PNC and the PHEEA site…


With the Stafford loan she received from Penn… I have to apply to one of those institutions or is the school going to decide for us when they send us the PN??
Loan = $3500.00
Grant= $1381.00
Other Loan = $ 21,925.00
The difference that my D will have to borrow is $21,925.00, this will be considered alternative loan?


Also, if she moves out of campus next year and she becomes an independent student, will she be consider a PA resident and is able to get more financial assistance and able to get grants and state scholarships?

Thanks for your help. This process is very overwhelming and the schools are not willing to guide you through the process…

Michina