2006-10-15 10:45:53 · 4 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
There may be a catch.
2006-10-15 10:48:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
its weird you should be conditionally approved-- is this a regular stafford loan? generally those loans are automatic. I assume its a third party lender or another loan program outside of the government ones-- in any case conditionally approved could mean approved based on your credit rating-- or your attendance at classes to qualify.
2006-10-15 11:03:48 · answer #2 · answered by Gwen 4 · 0⤊ 0⤋
It means that there are strings attached, and if these conditions are not met by a certain time, the loan is revoked, or called in for repayment.
2006-10-15 10:49:45 · answer #3 · answered by WC 7 · 0⤊ 0⤋
it means there are conditions that must be met. maybe they haven't pulled your credit yet and you must qualify by having a certain score or higher, basically you don't really have the loan yet.
2006-10-15 10:56:43 · answer #4 · answered by lynn 3 · 0⤊ 0⤋