<p>Hello. I remember reading about the breakdown of loans being capped at a certain number, but I forgot what those numbers were and I can't find it here or on google. I want to know the cap for the $30,000-60,000 income bracket, and if possible, the number specifically for freshmen. I ask because when we first submitted the Fafsa, we estimated just over 60,000, but when we fixed it with actual numbers, we were just under, and I received my finaid package and was not as pleased as I had hoped. :( Just wanna make sure I'm getting everything I can.</p>
<p>i think this is the site ur lookin for?: <a href="http://www.futureowls.rice.edu/futureowls/Student_Aid_Profile.asp%5B/url%5D">http://www.futureowls.rice.edu/futureowls/Student_Aid_Profile.asp</a></p>
<p>This from the form in DS's financial aid package:
[quote]
From families with total incomes under $30,000 we meet all need eligibility with grants and work study--no loans! ..... Familes with total incomes between $30,000 and $60,000 will be packaged with no more than a four-year total of $11,6000; for those with total incomes over $60,000 the four-year packaged loan obligation wil be no more than $14,525.
[/quote]
Also, outside scholarships reduce loans and workstudy first - so apply for those little outside scholarships. They will reduce your student loan amounts.</p>
<p>So if they are expecting to give me $2,625 in loans for freshman year and we make less than $60,000, can I assume that this is a mistake (going from WeedBoy's link)?? Should I contact the finaid office?</p>
<p>Clen,</p>
<p>You can certainly call and ask, but WeedBoy's link shows samples. In contrast, Anxiousmom's quote is about their policy. Your loan amount falls well within the policy.</p>
<p>But hey, call and ask - it probably can't hurt.</p>