<p>What is an unsubsidized Stafford loan ? D recvd $2,131 as this.</p>
<p>also, what is a Stafford Plus loan? In D's pkg, from another school, it listed 4,000 as a Stafford Plus. I was under the impression that the Plus was for parents to handle the EFC.</p>
<p>An unsubsidized loan means the student is responsible for the interest from day one (as opposed to a subsidized loan where the govt pays the interest while in school). 6.8% interest rate.</p>
<p>Not sure about the Stafford plus. Stafford is a student loan. The limit for a Stafford loan is normally $3500 for a freshman. However there is an additional $4000 available but I thought it was only available if the parents have been turned down for a plus loan. Stafford plus may be something different. Here is some info about loans
FinAid</a> | Loans | Student Loans</p>
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also, what is a Stafford Plus loan? In D's pkg, from another school, it listed 4,000 as a Stafford Plus. I was under the impression that the Plus was for parents to handle the EFC.
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<p>They mean PLUS loan - which is money that you borrow. Many schools include a PLUS loan in the financial aid package - haha. This is to decieve you into thinking that you are getting more financial aid than you are really getting.
This is common when a school does not meet 100% of need. You can use the PLUS loan to pay the EFC and/or the gap - gap being the amount of need that is not met.</p>
<p>If the parents do not have good enough credit for a PLUS loan - then the student may qualify for a bigger Stafford Loan - this may be why they include it.</p>
<p>Can someone please explain what it means when a college "meets 100% of need"? Does this mean that they fund 100% of your tuition? all these terms are so confusing. Thanks for help</p>
<p><strong>bump</strong> bump**</p>