Did not receive my full school loan amount?

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Clifton Stokes asked a question: Did not receive my full school loan amount?
Asked By: Clifton Stokes
Date created: Sat, Feb 27, 2021 12:22 PM
Date updated: Wed, Jan 26, 2022 5:01 AM

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Video answer: Sdsu financial aid disbursement

Sdsu financial aid disbursement

FAQ

Those who are looking for an answer to the question «Did not receive my full school loan amount?» often ask the following questions:

đź’° Why didn't my full loan amount?

SO if more than $1667 would take you above that amount, that could be one reason. Another reason might be that you are being awarded your loans by the term. Typically Stafford loans are disbursed each term (you don't get the WHOLE $5500 upfront). So, could $1667 represent what you are getting for the current term?

đź’° How much loan amount does a junior receive?

Junior/Senior: 60+ credit hours $7,500 (no more than $5,500 subsidized) $12,500 (no more than $5,500 subsidized) Graduate Students N/A $20,500 (Graduate students are not eligible to receive subsidized loans) PhD Candidates

đź’° What determines a school loan amount?

You must check with each school to find out when you can expect to receive an aid offer. Schools determine financial aid offers based on three factors: 1. Enrollment Status (full-time, half-time, less than half-time, etc.) Your enrollment status will impact the amount and types of aid you qualify for. For example, Direct Loans are available only to students enrolled at least half-time, and Federal Pell Grant amounts are partially determined by your enrollment status.

Video answer: Options if you don't have enough financial aid or student…

Options if you don't have enough financial aid or student…

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The unpaid refund discharge is available because you do not always have to repay the full loan amount if you left school early. If you went to school for less than 60% of the loan repayment period, you should have received a refund for at least some of what you owed on your loan. In these circumstances, schools are supposed

This is also called the “unauthorized signature” discharge. You are eligible for this discharge if the school forged your name on the loan papers or check endorsements. In order to qualify, you must not have received the proceeds of the loan. This is a limited program. It does not apply in all cases where a signature was forged.

If you attend a school that offers electronic confirmation of enrolment, your school will automatically confirm your full-time enrolment with the NSLSC. If you attend a school that does not have electronic confirmation of enrolment, a confirmation of enrolment form will be sent by mail.

Your school is correct. The disbursement of Pell grant money is dictated by Federal Student Aid (government) rules. (Government rules don’t always coincide with common sense.) Generally, your Pell grant will cover a full academic year and your sch...

Isn't it my right as a full time student to receive up to the maximum amount offered? [/quote] No. As thumper said, your total aid (scholarships, loans, grants, WS etc) can not exceed the total COA for your school. With a 0 EFC you should have received the max Pell grant of $5550.

How many credit hours are you taking? Without knowing all the information it’s hard to say, but it seems like you received 3/4 of the full grant (assuming no other aid such as loans or scholarships), which could indicate a 3/4 time enrollment. If you’re not enrolled full time you will receive a reduced grant award.

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What happens if i don't make my payments? Maximum amount per semester you can receive on a stafford loan?

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If you did not finish school do you have to pay back the full loan amount?

Of course you do, unless you dropped out and actually got refunded. Otherwise its your own stupidity or misfourtune for not finishing school.

Can you receive a school loan refund in parts?

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