Do I need a certain amount of credits to be considered a sophmore for student loan purposes? There are different limits on how much money you can borrow for these loans, based on what year you're in. I have 27 credits going into my second year, but only half apply to my major.
2006-08-16 02:49:54 · 4 answers · asked by curious 1 in Education & Reference ➔ Financial Aid
Probably the best person to talk to would be the financial aid adviser at your school. It's possible that limitations based on credits/completion are imposed by the school.
The only limits from the Fed I know of for sure are regarding how many credits you can take in a given semester.
2006-08-16 03:01:07 · answer #1 · answered by tcindie 4 · 0⤊ 0⤋
No, they base your status as full time or part time. They also ask what year you will be in (Second year, sophomore), not how many credits you have (at least on the FAFSA application). I took so many classes that were not related to my major as an undergrad, but that doesn't matter! They just want to give you money!
Your school bases your status on the number of credits you have, but not the loan people!
2006-08-16 16:22:42 · answer #2 · answered by plantmd 4 · 0⤊ 0⤋
Yes, you do need a certain amount of credits to be considered a sophomore. I think it is 30 credits per level (30 to become a sophomore, 60 for junior, etc).
2006-08-16 09:54:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
There are other Federal Grants that you can apply for and never have to pay back no matter how many hours you are taking. So I recommend that you look into those also.......................
2006-08-16 10:00:04 · answer #4 · answered by kilroymaster 7 · 0⤊ 0⤋