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Yes, $8270; however, your school will determine how much of subsidized loans you may get—up to $3500 See <a href=“https://studentaid.ed.gov/types/loans/subsidized-unsubsidized#how-much”>https://studentaid.ed.gov/types/loans/subsidized-unsubsidized#how-much</a></p>
<p>If the COA is $14K and you have $5730 in PELL with a zero EFC, your need is $14k-5730. If your are an independent student, you can borrow more than a dependent one. Your status (freshman, soph etc) will indicate the maximu total in Direct Loans you can have with a break down of how much is subsidized and not. </p>
<p>I find it odd that my schools FA office was not willing to answer any of these questions for me. They seem to think I should just know the answers. Also the fact that the school makes students request loans separate from their aid package seems odd to me. Why not just package an AWARD LETTER with the amount of DIRECT LOANS one is eligible for in the AWARD LETTER. That way I would not have to come on here and try and get answers for issues caused by the schools FA office incompetency. Reply Please…</p>
<p>Are you sure you are an independent student? If so, you can take a direct loan of $9500 for your first year of college. But be sure you are independent for financial aid purposes. If you are not independent for financial aid purposes, your max would be $5500.</p>
<p>Those amounts are for the full year. They will be disbursed in part for each term.</p>
<p>Are you positive you are independent for financial aid purposes (I’m guessing yes, because your FAFSA was processed that way and you got the Pell based on that). But make sure. You don’t want to end up paying back money because you weren’t really independent for finaid purposes.</p>
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Maybe they’re busy.
Award letter from many schools are including Direct Loans</p>
<p>Did you ask the financial aid officer why the loans are not offered with the PELL grant? DId you ask how much in loans you are entitled to get? Did you ask for directions on how to apply for the loans?</p>
<p>Not that you are certain to get answers. As we touched upon, some schools are not even participating in the Direct Loan program anymore. The default rate on them among their students are threatening those schools’ reps and futures. Apparently, there are consequences and sanction for schools whose students drop the ball on the those loans. IT s possible that though your school is not there yet, it’s something looming over them so they do not want to encourage loans. Just a guess, here and there can be all kinds of guesses.</p>
<p>Some schools, even though they allow students to borrow loans, will not include them in the financial aid package. There are a number of reasons for this, but none really matter … as long as the school participates in the Direct Loan program and the student meets the criteria, the student can request loans. It helps to keep borrowing to a minimum when students don’t simply accept everything offered to them, in all honesty … when they must think about what they need & request it, they tend to borrow less. The aid eligibility in OP’s case is $14,000 - 0 EFC - $5,730 Pell = $8,270. Assuming no other aid and assuming no issues with borrowing in the past (default, near aggregate limit, etc), this would be $3,500 sub and $4,770 unsub. </p>
<p>Really, the financial aid policies and maximum loan amounts aren’t somewhere on the school’s website? They should be …</p>
<p>Did you say that this school meets 100% need? Why is there such a big gap? All you have been offered is the pell grant, with a 0 EFC. Did you miss the school’s financial aid deadline? </p>