<p>First...I thought I had posted this already, but unable to find. New to the forum...apologies if this is duplicated.</p>
<p>I've tried to figure this out by looking at several websites and I am finding contradictory information...here's our story:</p>
<p>EFC=15000
Annual Cost-UNCG=10200
Dependent student with mediocre GPA & SAT
Plus Loan - do not expect to be approved (husband laid off most of 2009, credit has suffered as result</p>
<p>Will daughter be able to borrow 6000 or 9500 in stafford loans (understanding all will be unsubsidized)? Or...I am completely lost and neither applies?</p>
<p>Thank you in advance for all responses.</p>
<p>I think you may need to ask the FA department at your D’s college. Not sure why you think all the loans will be unsub, our EFC is a lot higher and D was offered $3500 in Subsidized and $2000 in Unsub.</p>
<p>Without going into the boring details, my daughter is a late applicant to UNCG and we haven’t actually recieved approval, therefore I’m in the early stages of trying to understand all of this and do some “what if” planning.</p>
<p>Since I don’t expect to be approved for a PLUS loan, I’ve seen on sights where if a student’s parents don’t qualify, then the student then can qualify for additional Stafford amounts, which is where the $9500 comes in.</p>
<p>The conflicting information I’ve come across on the web is with the high EFC and whether or not she’ll qualify for the full $9500 loan amount.</p>
<p>I think you are right–typically, a student can borrow the Stafford at $5500 freshman year, $6500 sophomore, and $7500 junior and senior years. But if the parent is denied a Parent Plus Loan, the amount the student can borrow as a Stafford Loan is increased to the $9K range. </p>
<p>There are a few people on the Financial Aid Forum who know the exact details of how this works. If you post this there, you will get confirmation on this.</p>
<p>Have you already submitted your FAFSA? If not, do it as soon as you can.</p>