I have a student loan question?

Question

I took a loan out for this semester already. I took out 7500 for the year. That is the max that they will allow for only having 72 hours. When I applied for that amount I only had 72 hours. I now have a total of 74 college hours and can qualify to get the 10,500 dollar loan. I already applied for my 7500 dollar loan this semester and got approved. It will post to my account in about 2 weeks. I will only get about half of that and the other half I will get in the spring semester. My question is....now that I have 74 hours can I apply for the extra loan money even though I already applied? Thanks

Answer 1

You night be able to but more than likely not.

Answer 2

I think you can. However, do you actually NEED the money? Don;t take it out just because you can. For every amount you take out now, you will end up paying it back in triple with the compounded interest over the years. If you take out more than you actually need, you will end up regretting it.

Answer 3

Talk to your financial aid advisor for more information.

Source(s):
http://www.salliemae.com ( For student loans)!!!!

http://www.iefa.org -------> International Students on the web <----

http://www.about.com --->Great search engine and information site for everything <---

http://www.ed.gov/index.jhtml --> Dept. of Education for any questions<--

http://www.fastweb.com

http://www.gocollege.com

http://www.collegeboard.com

http://www.scholarships.com

http://www.walmartfoundation.org

Please go to the Department of Education for more help and a list of student loan foundations.