<p>Hello, so I've got a situation going on. Just discovered that I'm close to reaching my aggregate loan limit (I'm undergrad with 2 semesters left to graduate)...Technically, I'm a senior but I've had several bad semesters which required me to retake classes. The way I have my classes worked out now I'm planning to graduate (most likely will graduate) in 2 semesters (Spring 2014). </p>
<p>However, I'm scared that I won't be able to pay for it. The financial aid office is currently reviewing my account and they'll get back with me with details. Basically, my question is: is there any possibility that my university will give me money for these last 2 semesters? What do I do? For those who've been in my position,what did you do?? Kinda scared....</p>
<p>I appreciate any and all feedback that I get. I would like to get a response from kelsmom...I've read that you're an expert in this field. Please help me out.</p>
<p>Thank you so much.</p>
<p>How much sub have you borrowed? How much unsub? Are you independent for 2013-2014? Have you had any additional unsubsidized loans due to parent PLUS denial? </p>
<p>If you don’t know the answers to any of the above, go to [National</a> Student Loan Data System for Students](<a href=“http://www.nslds.ed.gov%5DNational”>http://www.nslds.ed.gov) and find out — you will see all of your loans there. Let me know the answers & I will give you advice.</p>
<p>Direct Stafford Sub borrowed: $14,500
Direct Stafford Unsub borrowed: $12,000
Stafford Sub: $3,500
Total: $30,000
I’m not independent and I think I got the Stafford Sub for $3,500 when the Parent PLUS was denied…I’m not sure though.</p>
<p>Thanks.</p>
<p>Let’s try it this way … give me the amounts and the loan period for each amount. That way, I can tell whether it was additional unsub due to PLUS denial. The reason I want to know is because any additional unsub due to PLUS denial does not count toward your dependent undergrad limit of $31,000.</p>
<p>Ok, the nslds website it only gives us the loan date so that’s what I’ll tell you.</p>
<p>1 DIRECT STAFFORD UNSUBSIDIZED $2,000 08/27/2012
2 DIRECT STAFFORD SUBSIDIZED $5,500 08/27/2012
3 DIRECT STAFFORD UNSUBSIDIZED $1,000 01/17/2012
4 DIRECT STAFFORD SUBSIDIZED $2,250 01/17/2012
5 DIRECT STAFFORD UNSUBSIDIZED $2,000 09/07/2011
6 DIRECT STAFFORD UNSUBSIDIZED $1,000 09/07/2011
7 DIRECT STAFFORD SUBSIDIZED $2,250 09/07/2011
8 DIRECT STAFFORD UNSUBSIDIZED $4,000 09/08/2010
9 DIRECT STAFFORD UNSUBSIDIZED $2,000 09/08/2010
10 DIRECT STAFFORD SUBSIDIZED $4,500 09/08/2010
11 STAFFORD SUBSIDIZED $3,500 01/19/2010</p>
<p>Hopefully I’ve provided what you were asking for… Thanks.</p>
<p>Yes, I have what I need …
Your $4000 loan on 9/8/10 is additional unsub due to parent PLUS denial. I know this because you have your sophomore-level sub loan ($4500) and the $2000 dependent base unsub loan for that date. That means that the $4000 is additional unsub. It also looks like you have additional unsub due to parent PLUS denial in 2011-12. Between the September 2011 and January 2012, you received $4500 sub (sophomore level), $2000 unsub (dependent base allowed), and the other $2000 (from 9/7/11) must be additional unsub due to PLUS denial. If I am correct, you have borrowed the following:</p>
<p>Dependent undergraduate loan level: sub=$18,000; unsub=$6,000; total=$24,000.
Independent undergraduate loan level: Sub=$18,000; unsub=$12,000 (of which $6,000 is attributed to dependent undergrad loans and $6,000 is attributed to additional unsub due to parent PLUS loans); total=$30,000.</p>
<p>This means that you still have $31,000-$24,000=$7,000 left to borrow while you are dependent (of which up to $5,000 can be sub, since the subsidized aggregate limit for an undergrad is $23,000). The additional unsub is not counted toward dependent limits — it gets counted differently, and the independent loan limits are used when you add in those loans (the independent limit is $54,500).</p>
<p>Talk to your financial aid office and ask them to recompute your loan eligibility, removing the additional unsub.</p>