Question on Stafford Loans

msmayor
Fri, 03 Apr 2009 14:58:50 +0000

My daughter received her Financial Aid Award letter today and the aid offered was just about what we expected with one exception: the Stafford Loan.

Based on our EFC (almost $30k) I never expected to get any subsidized loan, yet they offered her $3500 in Subsidized and $2000 in Unsubsidized. I was pleasantly surprised to see the subsidy for over half the total loan amount.

Just what determines how much is subsidized and unsubsidized?