$18,000 in-state loan limit: Does it mean anything?
My D is an in-state student who recently received her third-year financial aid package. I've seen for years that UVA promises to limit the required loans to be taken out for in-state students with need to $4500 a year on average, or $18,000 total. (With a $7000 a year limit for out-of-state students.) Yet the loans included in my D's packages have been $5500, $6500, and $7500, or up to $18,500 already. (Each year $2000 is unsubsidized and the rest is subsidized.) She asked UVA about how this could be said to be limiting her loans to $18,000, and the response was that the policy to have $5500, $6500, $7500, and $7500, or $27,000 over 4 years. Before I go back to UVA to sort this out, I wonder if anyone else has encountered this issue, and if they know why UVA would include $27,000 in a student's FA packages while claiming to limit loans to $18,000.10 replies