<p>"Based upon data provided by the National Student Loan Data System (NSLDS) and your grade level, we have determined that you may have received a total amount of undergraduate student loans that is close to or equal to the loan limits established for the federal loan programs."</p>
<p>I an currently an undergrad independent student, with around 37,000 in loans already borrowed. I do believe the independent loan limit is 57,500? I do not understand why i received that, or if it is some mistake. </p>
<p>anyone ever see this?</p>
<p>You can have no more than $23,000 subsidized…are you reaching that limit?</p>
<p>after calculating it I am about 700 away from 23,000 with subsidized loans. but what about unsubsidized loans, do those not come into play as well?</p>
<p>What do you mean?..the total for an independent student is $57,500 of which only $23,000 can be unsubsidized…it sounds like almost all the balance of your federal direct loans will be unsubsidized. How much longer until you finish your degree?</p>
<p>I have 20, 707 in unsubsidized and 16, 661 in subsidized, bringing me to 37, 368. I only have two semesters left.</p>
<p>The fact that you are within $700 of your subsidized loan limit is the reason you received the notification. Your school has to manually review your loans and make sure that you are correctly awarded for the coming year. You will be eligible to keep borrowing, but the entire annual limit will be unsub once you are awarded the last $700 of your sub eligibility.</p>
<p>yeah, i calculated some things wrong the first time i was trying to figure it out. I have 16,661 in subsidized, so i still have a bit yet before 23,000.</p>
<p>Go to [National</a> Student Loan Data System for Students](<a href=“http://www.nslds.ed.gov%5DNational”>http://www.nslds.ed.gov) and look at your loans. What are the amounts? Are you within $5500 of your sub limit (that is, have you borrowed more than $17,500 in sub?)? If so, that is why you got the message. It is a notification that you will be eligible for a smaller annual sub limit than you might otherwise be, since you are running out of eligibility. If you have not borrowed that much, you shouldn’t have received that notification. Post to let me know what your sub & unsub totals are … I will advise you based on that.</p>
<p>It is always best to see what is on your loan record on the website.</p>
<p>total for subsidized 16, 661 </p>
<p>total for unsubsidized 20, 707</p>
<p>that is the information provided from the student loan database. </p>
<p>but at the bottom of my SAR it says :</p>
<p>Unsubsidized 15, 319</p>
<p>Subsidized 14, 757</p>
<p>unallocated consolidation 4, 732</p>
<p>two totally different numbers. i don’t know. it’s all confusing to me.</p>
<p>The SAR is a snapshot in time. It would not reflect any loans not yet in the NSLDS database at the time you filed your FAFSA. That is why the SAR numbers are lower. The numbers in the student loan database are “official.” </p>
<p>Your loan amounts are all fine. The comment on your SAR is nothing that should cause you any issues … it is possible that the unallocated consolidation number is being lumped in with the subsidized amount to flag the aid officer to review your loan amounts. If the aid officer finds that all of the consolidation is sub, that would put you over the limit if they awarded you $5500 this year. However, the database shows that you have plenty of room for the $5500. </p>
<p>I am making some assumptions here, I should warn. I am assuming that your NSLDS totals you gave include the consolidation loan amounts. If you have consolidation loans IN ADDITION TO the sub and unsub amounts you gave, then that is a different story.</p>
<p>yes, i calculated the consolidation loans in with it. and both the totals of sub/unsub equal “total of all loans” at the bottom of the report from the student loan data base.</p>