Summer Financial Aid

Greerman123
Tue, 02 Oct 2012 15:50:35 +0000

Thanks a bunch for the response kelsmom. I sent the lady back another email to clarify myself and see if I can get some resolution as per what you have said with the B-BAY, or if they operate on a more normal financial aid schedule. The funny thing is, she said this:

You’ll be entitled to received up to $20,500 an academic year if you maintain 6 credits or more of enrollment for each semester. The loan would be for two semesters- Fall and Spring. You can receive the unsubsidized loan for a Summer session as well as long as you haven’t exhausted or used up all of the $20,500 that was awarded to you within the academic year.

My advice to you is just be very cautious of what you want to accept for the academic year. If you’re enrolled for lets say 6 credits and your bill comes out to $2250 for the semester then you will not need all of the $10250 (which is half of the $20,500).

The lifetime limit for a Graduate/Professional to receive in the unsubsidized loan is up to $138,500. For Health Professionals it is $224,000.

Of course that leaves things still open to interpretation. It just one hell of a confusing process for some people, and no matter how clear I think I am making myself, some people just do not get it. I hope I was clear enough this time around with my new email. Thanks a bunch for your help