Am I understanding this correctly? If my dependent D16 wants to take an unsubsidized federal student loan for her freshman year in college, she is limited to borrowing a $2000 loan and will be charged a 1.7 percent fee for the loan. Is this accurate?
She will not qualify for a subsidized loan, as she is not low-income. She was planning to take $2500 for an unsubsidized loan. But maybe she can take only $2000. I’m not finding anything that clarifies this, as all the info I’m finding discusses the unsub loan as being added to a subsidized loan. Nothing is breaking the two types of loans apart. Please help!