lewelma Posted March 19, 2017 Share Posted March 19, 2017 Can you guys explain this to me. I thought that all students could get $5500 per year of loans interest free, and now I think that I am seeing that it is need based. How is this determined? Thanks, Ruth in NZ Quote Link to comment Share on other sites More sharing options...
8filltheheart Posted March 19, 2017 Share Posted March 19, 2017 (edited) Students can take out $5500 in loans. The maximum amt of subsidized for freshman is $3500, but even that is not interest free. It just doesn't start accruing interest until graduation. The school determines if you have "need" in order to qualify for subsidized loans. Subsidized loans are definitely not a given. Run NPC. Some of them will show the breakdown if your ds qualifies for subsidized. Edited March 19, 2017 by 8FillTheHeart 1 Quote Link to comment Share on other sites More sharing options...
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