<p>Hi! This is probably a dumb question, but my college isn't answering me without giving me a run-around. I was hoping SOMEONE might have some insight for me.</p>
<p>I filled out FAFSA months back and received my awards letter. My family is poorer than dirt, so I received tons of financial aid help (Thank G-d!), but my college is private and the tuition was still a bit over what I was given. I was (obviously) eligible for Stafford loans, so I applied in late July for both unsubsidized and subsidized (I wanted to make sure I got enough money for books, too). I signed the MPN and did the online counseling and all that.. but I haven't heard back from my school.</p>
<p>So, when will I know if the loan went through? Or will I? Will it be on the first day of class when the prof says "uh, you're not in this class..."?? I'm super worried! Any advice/insight?</p>
<p>Advice: pick up the phone right away, and call your school. Again. I know, it sounds like you tried that, but try again. </p>
<p>Also, you should have some sort of online financial aid thing for your student account (bursar’s office). Check that–it may list the loans as credits to your account, then you’ll know they came through.</p>
<p>If that is no help, call and insist on speaking with someone who can give you a clear answer. Good luck and be persistent.</p>
<p>Check the e-campus student center. Log in with your Student ID and a predetermined pin from the school. Then you have the option of ACCEPT/DECLINE your awards. Pell and other grants are preaccepted, but you have to go in manually to do loans.</p>
<p>Stafford loans are GUARANTEED. If you accepted the loans, completed entrance counseling, signed a master promissory note, and are enrolled at least half time, you are will receive the loans. There is nothing TO tell you … if you are offered, accept, and complete requirements, you are able to borrow the loans.</p>
<p>Look at your current charges. Look at your aid. All but work study will be deducted from your charges when disbursements are run. If you enroll less than full time, your grants may be prorated based on enrollment hours. Stafford loans have a small origination fee, so multiply the semester amount by 0.995 and you will know how much is going to actually be paid to your account. If the charges are more than the aid, you won’t get a refund. If aid is more than the charges, you will get a refund … but refund policies vary by school, so you will need to find out when YOUR school will issue you any refunds.</p>