Question about award letter/unsubsidized

kelsmom
Thu, 25 Nov 2010 15:04:53 +0000

If the school’s COA is by year, your award for the spring semester will be half the annual COA. It is only going to be for a single semester, not a year. You will only be eligible for your annual loan limits based on year in school.

So let’s say your current award is $4700. That would mean the annual COA at this school is $9400. So COA-Pell=$1925. If you have at least that much sub eligibility based on year in school remaining from you annual limit, the entire amount can be sub. You are then packaged to COA & cannot receive any more aid (including unsub).