10.19.09 | Graduate Stafford Loan Eligibility
If you’re in need of funds for grad school chances are you’ve already stumbled upon the passage that states that Grad students are eligible for up to $20,500 in Grad Stafford loans, but what you may not know is how much of that $20,500 you can actually get.
The answer is actually pretty simple. If the cost of attendance minus all other financial aid is $20,500 or greater you may get the full amount, unless you have already reached the annual or aggregate maximum amounts. $20,500 is the yearly allotment while $138,500 is the aggregate allotment for Grad students.
Of course the point is to not have to tap into the full $20,500 if at all possible. One way students take thousands of dollars off their tuition every year is by earning/winning scholarships for college. Two great scholarship resources include studentscholarshipsearch.com and scholarshippoints.com.
Scholarshipsearch has over 9 billion dollars worth of scholarships available to qualified students. Scholarshippoints is a site that gives away scholarships every month to registered members. You complete activities to earn points which you then use to enter a monthly scholarship drawing ranging from $500 to $10,000. Monthly winner are selected at random.
The Student Loan Help blog is sponsored in part by:
