Took out a subsidized loan...then school changes it to unsubsidized?! How?

mom6350
Thu, 21 Apr 2011 21:47:12 +0000

kelsmom,

When he took out the 1250 in January, this was for the 2009-10 year, and he had no prior loans, as he was a freshman. He filled out the MPN & did the on-line counseling in January, so I don’t see how he could have had a prior loan that they canceled.

He has since paid off this loan, and the amount of interest was small, so we didn’t try to have it corrected. It’s good to understand the policy, though, in case this comes up again. Thanks for your thoughts.