Hey world!
I just received information on my loans for CSULB and I can choose (unsubsidized) $5500 at once or $2750 per semester. Is this normal because I didn’t sign up for anything yet and this is also under my awards. Also which is the better choice to take?
There is no $5500 at once option, that figure is only showing you the amount you received for the year. If you accept the full amount of the loan (or any lesser amount) it will automatically be split in half, with half the the amount paying towards the fall semester and the other half paying for spring.
@kgos16 are you sure? I have two options: 1. Take in the full amount 2. Take in half the amount per semester.
Also do I really have no choice but to put it towards tuition? I thought I can use it on necessities such as books
Did the school give you those options on writing? The loan has to go towards tuition first - if you have any leftover money after tuition is paid you can put it towards your other expenses at that point.
@kgos16 oh I understand now! Thanks!