I think I made a big mistake!

Paying for College
1

<p>I'm studying abroad this fall semester, so I decided to take out a parent plus loan.</p>

<p>However, immediately after I applied for the loan, and got accepted, I think I may have filled the application out wrong.</p>

<p>I put the loan period as "09/2011 -05/2012", but I only need the loan for the fall semester. Will I get $5,000 each semester? Or will the $5,000 be split in two, and I'll only get $2,500 for the fall?</p>

<p>How much will I get for the fall? And when will my school receive it?</p>

<p>I'm very worried that I filled it out wrong. Please help me!</p>

2

<p>You need to call the FA office or the agency that provided the loan.</p>

3

<p>Loans are usually disbursed in equal installments over the school year. As you applied for $5000 for the year, I would expect to see it disbursed in equal instalments of $2500 per semester.</p>

<p>I am a bit confused though. Parent PLUS loans are parent loans in the parent name and can only be applied for and taken out by a parent.</p>

4

<p>Yeah, I was on my mom’s account. She’s OK with it. She knows.</p>