Emory Advantage - Loan Cap Guarantee

Colleges and Universities A-Z Emory University
1

<p>FYI for inquiring minds. ;)</p>

<p>How much is the Emory Advantage loan cap guarantee, LCG, actually worth in $$$.</p>

<p>The answer might shock you.</p>

<p>The maximum value of the LCG for an Emory University undergraduate over four years is a total of $8,000.</p>

<p>Amazingly the mathematics required to figure this out was quite simple.</p>

<p>Emory's loan cap only caps "subsidized federal loans" ie... Stafford's subsidized loan. *
All other student/parent loans are exempt from the guarantee. </p>

<p>The maximum allowable by government, Stafford subsidized loans for a student over 4 years is 23,000.</p>

<p>$23,000 less the loan cap of 15,000 = 8,000</p>

<p>Thus the total value of the Emory Advantage Loan Cap Guarantee is $8,000.</p>

<p>**Perkins subsidized loan left out of equation because eligibility for it generally places family in LRG (loan replacement grant) equation instead of the LCG equation. *</p>

2

<p>Nice catch motherofmine - Here’s the verbiage that supports your contention…</p>

<p><what do=“” need-based=“” loans=“” described=“” in=“” this=“” plan=“” mean?=“” assessed=“” financial=“” need=“” is=“” required=“” to=“” receive=“” loans.=“” considered=“” the=“” loan=“” cap=“” program=“” are=“” federal=“” subsidized=“” stafford=“” loans,=“” perkins=“” and=“” nursing=“” student=“”></what></p>

<p>I don’t remember ever reading that this applied only to unsubsidized loans…Perhaps some Goizueta marketing students worked on this…</p>

3

<p>I was told it is $3.500/$4,500/$5,500/$5,500 which total $19K less $15K loan cap
so just $4k to save over 4 years…i hope i’m wrong… I like your numbers better!</p>

4

<p>Mommany,</p>

<p>My calculations were exactly the same as yours and I only saw a 4K savings too.</p>

<p>But just to err on the side of caution I used thefollowing from Salliemae as basis for my ‘maximum’ amounts. </p>

<p>"Undergraduate dependent lifetime limit $31,000
(up to $23,000 may be subsidized) "</p>