<p>My EFC changed this year and I'm getting subsidized loans! Which is fantastic. Last year I took out about $3000 in unsubsidized stafford loans. This year they're offering me about $4000 in subsidized. I'll have less expenses this year and won't need all that money. So here's my question: is it possible to take money from a subsidized loan and use it to pay part of an unsubsidized loan while I'm still in school? (and will be for 3 more years).
Thanks for any input.</p>
<p>I don't think so. You can only take out Stafford loans up to the cost of attendance so you won't have money left over to pay off past loans. You'll have enough to cover all or part of your current school year, though.</p>
<p>I'm asking if they'd let me pay off part of my unsubsidized. I know that I'd have enough left over to do that partially. They may cover only "the cost of attendance", but I have various scholarships and I'm living off campus. They're offering me at least $2000 more in loans than I really need, so I can either reduce the loan or take it out and try to pay off my unsubsidized loan. Which would basically convert my unsub into subsidized and get rid of some interest accruing.</p>
<p>No, they won't. That's not the purpose of Stafford loans.</p>