When I was in high school, I took dual credit classes and by the time of FALL 2015, had 29 hours, one hour away from being considered a sophomore. So when I got my aid for fall 2015, I had the 5,500 freshman loan. Now I have 60 credit hours, and get the junior loan limit at my transfer school. My question is, is there someway I can get the $6,500 loan ever? I ask because even though I’m technically a junior credit wise, I am starting from the beginning with my chemistry course sequence and will most likely be in school for 3 years (the courses I need aren’t really offered during the summer to get ahead). Thanks
Of course you can ask for the smaller loan. Just ask the FA office. You won’t be given other aid, so how will that 1000 get covered?
No, you’ll get the $7500, but you’ll be eligible for it for 3 years, so instead of getting $5500/6500/7500/7500, you’ll get $5500/7500/7500/7500. Better for you.
I mean to use that loan money for my fifth year as my merit scholarship is only for 4 semesters and I thought fed aid was only for the first four years.
Federal loans are until you reach the maximum. If you are still an undergrad and haven’t reached your maximum, you can still borrow at the undergrad levels and rates in year 4.5 or year 6.