<p>Do PLUS loans the school lists as meeting need make us ineligible to apply for the Sallie Mae Unmet Need Scholarship?</p>
<p>No. PLUS loans do not “meet need.” - rather, PLUS is a federal lending program that provides support both for filling unmet need and for paying the EFC.</p>
<p>the colleges don’t care if you borrow from Lenny the loan shark, as long as you pay the bill</p>
<p>Believe me, I have learned that.</p>
<p>I meant would Sallie Mae not accept the app since the school considers “need met”. You have to send in an FA award.</p>
<p>has anyone been notified of the award?</p>
<p>in some older threads i saw that they usually notify you (by mail) near the end of july. i still have not heard anything(though i have received over six loan ads from sallie mae in the last week). when i emailed the director she was brusque if not rude and also said that they would notify us by the end of july.</p>
<p>I haven’t received any word either. Oh well.</p>
<p>PLUS loans are not certified by the school in an amount that would cause the package to exceed Cost of Attendance. Say COA is $20,000. If grants, scholarships, work study, and student loans that the student accepted total $14,000 the PLUS can only be certified for $6000. If the parent prefers to borrow a PLUS in place of $5500 student unsubsidized loan, then the PLUS could be certified for up to $11,500. And if a $2500 work study award was declined, that total for PLUS would go up to $14,000. </p>
<p>If the accepted student aid totaled $20,000 there would be no room for PLUS.</p>
<p>If the parent requested $10,000 and the accepted student aid totaled $16,000, the school would only certify the PLUS for the $4000 that is COA-accepted student aid.</p>
<p>still nothing…</p>
<p>Maybe they only notify winners?</p>
<p>in the older threads they gave out rejection letters also, but apparently not this time… =[</p>
<p>“Letters were mailed on July 30th to applicants selected as recipients for the Unmet Need Scholarship Program. Applicants not selected as recipients will not be notified. A list of 2009 recipients will be posted at [The</a> Sallie Mae Fund](<a href=“http://www.salliemaefund.org%5DThe”>http://www.salliemaefund.org) in September.”</p>
<p>i emailed her…</p>
<p>Hmm. Oh well. Congrats to anyone who got it!</p>
<p>:[ well, she told me this: “Applicants selected as recipients will receive notification via first-class mail no later than August 14, 2009.”</p>
<p>did anyone here get it? when did you apply?</p>