<p>How do I apply for the Stafford Loan?Is there a deadline?Is it with my college or a federal contract? I emailed my school's admission officer, and she said she would send me some more information later. Also, will it affect the amount of grants I have received, or will it just reduce the $16K gap that I will pay?</p>
<p>Thanks!</p>
<p>It should go towards the $16k gap. But do you realize that you can only get $5500? What will you do about the other $10k?</p>
<p>As of right now, I am planning on working over the summer to earn the ~$2000 in books. That,plus the Stafford, should leave me around $8000 left to pay. My parents said that was okay, especially since they will be paying in monthly installments. </p>
<p>Do you know if there is a deadline to apply for the loan?</p>
<p>There is a deadline but it will be well after the start of Fall semester. You should be able to find info on your school’s website but typically you accept the loan, as part of your FA package, then complete entrance counseling through the school’s website, then e-sign a Master Promissory Note (MPN) and your school takes care of processing. If she said they will send you info, just wait for it as it will tell you what needs to be done. You should be okay applying for the loan in July as it usually doesn’t take very long for processing.</p>