Are Graduate students able to get loans to pay for tuition?
I have filled out the fafsa and in my SAR it said “Based upon data provided by the National Student Loan Data System (NSLDS) and your grade level, we have determined that you may have received a total amount of undergraduate student loans that is close to or equal to the loan limits established for the federal loan programs. Therefore, your eligibility for additional student loans may be limited.”
How am I supposed to pay for school? I work at a non profit organization and don’t make much money. I can’t afford $600/credit!! Are their other loans I am able to take? Should I contact Sallie Mae (that is who I have my undergrad loans with) and see if they will give more money to me? Please help!
Consult with your Financial Aid Office. Eventhough I am sure you indicated on your FAFSA that you are a grad. student, for some reason, FAFSA doesn’t read that, and when they posted that comment, that is based on undergraduate loan limits. Your aggregate loan limit increases, as a grad student you can borrow up to over $100,000. You should still have plenty of stafford loan elig. left. Grad students are typically eligible for around $20,000 a year.
Talk to the financial aid office at the school you plan to attend.
You can check your loan limit at www.nslds.ed.gov.
Good luck in grad school.
