My student loan allocation of the federal government is double what I need for this year?
(Sorry to ask again, my last question has been deleted and I do not know why). Then I got a federal student loan for this year. It is double the amount I need for this year. But a perfect amount for my total time in higher education (2 years). If I accept the loan, and use the money to spending years at a time, or to accept half the amount for this year and obtain a second loan next year for the rest of the funds I need? This is an unsubsidized loan.
If it is a subsidized loan, take the whole amount. If it is unsubsidized, you may want consider waiting …… if you are sure of your financial status will not change by then and you will still be eligible for a loan.
