Question about award letter/unsubsidized

calmom
Thu, 25 Nov 2010 17:32:15 +0000

I don’t think that the unsubsidized loan is something that needs to be “awarded” by the school – since students are eligible to take the loan without regard to need. So technically it isn’t really “financial aid” (no one is doing you any favors by allowing you to take a loan with interest immediately accruing – other than the interest rate, its the same as if you used a credit card to charge part of the next semester’s tuition.)