Subsidized Staffords for graduate school?

Paying for College
1

<p>Hi,</p>

<p>Does anyone know if subsidized Staffords for grad school are EFC-dependent as with undergrad? And if so, what the EFC cut-off is?</p>

<p>Thanks!</p>

2

<p>Yes, for subsidized loans you must demonstrate need. There are no “cut-offs,” the formula to determine need is</p>

<p>Cost of attendance - EFC = Need</p>

<p>Graduate students are eligible for up to $20,500 per year in Stafford Loans. No more than $8,500 of this amount may be in subsidized loans, so you must have at least $8,500 in need for that portion to be subsidized. If you only have $4,000 in “need,” only $4,000 would be subsidized.</p>

<p>If you do not show need, you can still borrow $20,500 per year (up to a total of $138,500) in unsubsidized Staffords. Grad PLUS loans (similar to Parent PLUS, but taken in the student’s name) are also available to graduate students.</p>

<p>[Student</a> Aid on the Web](<a href=“http://studentaid.ed.gov/PORTALSWebApp/students/english/studentloans.jsp]Student”>http://studentaid.ed.gov/PORTALSWebApp/students/english/studentloans.jsp)
[Student</a> Aid on the Web](<a href=“http://studentaid.ed.gov/PORTALSWebApp/students/english/PlusLoansGradProfstudents.jsp]Student”>http://studentaid.ed.gov/PORTALSWebApp/students/english/PlusLoansGradProfstudents.jsp)</p>

3

<p>Thanks. If I show need, but my need is also met by other means (fellowships, etc), would I still be eligible for the subsidized loans, or does the need have to be unmet need?</p>

4

<p>To qualify for Federally subsidized loans you must demonstrate need. If your need has been fully met, then you do not demonstrate need and are only eligible for UNsubsidized loans.</p>

<p>Congratulations on the fellowships!</p>