<p>My daughter was allotted a subsidized loan, a non subsidized loan and a perkins. Can I reject the non subsidized but take the sub & perkins? I've emailed the school but no answer as yet.</p>
<p>Also - generally, if I reject the sub this year -- will they offer it in future years in case we need it again? </p>
<p>Thanks,</p>
<p>You can take Stafford loans any time if the COA exceeds the award amounts. And not taking them this year will not jeopardize eligibility for future years.</p>
<p>I was told that it is best to accept the loan and then reduce the amount - presumably that could be to zero. But if the loan is not accepted, and you later need to borrow, you will need to submit a new FAFSA.</p>
<p>Has anyone else been given similar information?</p>
<p>The Fafsa needs to be redone every year regardless.</p>
<p>We did just as you are suggesting when DD was a freshman and soph. She took the subsidized Stafford and Perkins but not the unsubsidized. It never made any difference the following year. I will say that she did not receive the Perkins after her soph year…but I don’t think that was related at all to the loans she previously accepted.</p>
<p>Was not getting the Perkins a problem. It would be for us…its a $4500 loan.</p>
<p>Perkins loans are disbursed by the college. Typically they are given to lower income students…but this is at the discretion of each college. The college gets an amount…and they decide how to award it. My understanding is that it can be awarded to the “lower” income students for a year. I guess that’s what we were for the first two years (I’m guessing they felt sorry for us as we had two in college at the same time). The third year, DD didn’t get the loan. My guess is that we just weren’t in that “lower income” range for DD’s school any longer. </p>
<p>Was it a problem? Well…since we didn’t anticipate EVER getting a Perkins loan, no, it wasn’t. For our family it was a little “bonus loan” in DD’s name (that also allowed her to NOT have to accept any unsubsidized loans). </p>
<p>If it were me, and I were you…I would try to plan ahead on that Perkins eligibility. It may be there for you all four years…and it might not be. No way for me to guess that. Since eligibility for it is determined annually, I’m not sure even your finaid office can guarantee it for you for all four years.</p>
<p>Thanks for the reply… I appreciate it.</p>