<p>like suppose you're supposed to take out $6k in loans.</p>
<p>but on the efan, there's a box where you can type in the amount you want to loan. what happens if you take out like $20k instead? Do they even allow it?</p>
<p>help please. thanks</p>
<p>Private loans? Subsidized/unsubsidized Stafford? Perkins? PLUS loan? Explain your situation. What do you mean ‘supposed’ to take out $6K? This number is limited by…?</p>
<p>on the efan, there are boxes for Stafford and Perkins loans (so subsidized I guess). There’s a number/amount already there that’s supposed to be enough for the total expenses. I’m basically just asking if I can take out more than the default amount, like changing the number in the box to something higher.</p>
<p>You’re not going to be able to take out 20K in Perkin Loans. There’s a maximum amount for a student to borrow per year for Stafford/Perkins. Google it and read through finaid.org. Change the numbers accordingly and/or call Financial Aid to see what’s your max. As for Parent PLUS - I think you can borrow up to 100K for four years… it’s something ridiculous like that.</p>
<p>alright cool</p>
<p>I guess I’ll call up he financial aid office then. thank you</p>
<p>dont take more than you need because you DO have to pay it all back. with interest.</p>
<p>While we are on the topic of spending money that is not ours. I still have a hard time understanding WHY SO MANY PEOPLE fall into credit card debt, which snowballs like death(terrible simile, I know). I was reading that the two major reasons people get debt is because of 1) student loans, and 2) credit cards. The former is feasible, because some people believe that their education is worth a certain amount of money, and are willing to pay for it, but paying stupid credit card debt that is totally unavoidable?!?!</p>
<p>Okay so I lied. I totally understand why people get into credit card debt. It has to due with our ancient genes from our ancestors which make us want to spend all we have in an effort to reduce wastage of goodies, which in ancient times was mostly perishable, in the form of food… I know this, and much more, from reading Mean Genes By Jay Phelan, an LS professor at UCLA!!! Yeah, I wish I was getting paid, or at least getting an A in his class, for giving his book somewhat of a sales pitch, but I’m not. It is just that the book is *<strong><em>ing awesome and you should all buy it, read it, and go tell him I told you about it. Actually the book is 2ft from me as I type. Good *</em></strong>.</p>
<p>why? consumer culture + materialism + delayed gratification… people want things NOW.</p>
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<p>I thought you did ace the class. You did better than I did on the midterms, didn’t you?</p>
<p>Also, I really want to get his book, go to his OH and gush like a little fangirl. :o</p>
<p>i find him unsuually attractive . . .</p>
<p>You too?! </p>
<p>:o:o:o</p>
<p>You will not be allowed to take out more than the awarded amount for Perkins and subsidized Stafford loans.</p>
<p>Prof. Phelan spoke at my frosh orientation! Even though I don’t like his subject too much, his little talk made me want to take his class. He sounds like a really good professor.</p>
<p>^Awesome, I had Phelan last quarter and he was baller. He gives ridiculously hard tests that require a lot of thought though.</p>
<p>I ****ing Find Him Attractive! LOL It’s a man crush. I got him to sign my book and everything too. Hahahahahahaha!</p>
<p>OMG WHEN??? WHY DIDN’T YOU TELL ME???</p>
<p>I would have wanted to come with you :(</p>
<p>What A Weird Thread.</p>
<p>Dude, don’t necro month-old threads if you don’t have anything significant to add to the conversation, or if you don’t have a pertinent question. Seriously.</p>