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Hello, I recently completed my FAFSA for the 2009-10 school year. My EFC was $52,000 or so. Basically, my parents are not footing the bill whatsoever. This is fine, I already had a loan for last year from Chase, and when looking to get approved again this year, I was denied, which led me to filling out the FAFSA.
Will I be eligible for an unsubsidized Stafford loan for $7,500? I am a junior in college. The cost of this school year will be about $12,000. I am asking this because everything seems to have gone through with the school, as in they have received my FAFSA. But they are saying I am not receiving any financial aid. Now, one thing I'm noticing is that the classes I have registered for are not on my billing statement yet. How do I go about getting the Stafford loans in process?
Thanks in advance.
I just filed the FAFSA Thursday night, and it showed processed just yesterday. Only today did the financial aid show up on my school's side. I am going to go there on Monday to ask about the charges and see about the loans.
In the meantime, I'm just concerned that I will not be offered the unsubsidized loans. Will I still be offered them, regardless of the high EFC? I know I can wait until Monday, but I'm just freaking out until then. Any of your help would be greatly appreciated.