How much do they usually give?
Do they pay you or do they pay school?
Are they a good idea?

9/9/2006 7:18:16 PM

make sure you choose subsidized and NOT unsubsidized

i got confused on year and accidently picked unsub

prob cost me $100 in interest and other shit before i figured it out

9/9/2006 7:22:46 PM

do they give it directly to you?

9/9/2006 7:25:05 PM

they go to the school, and the surplus goes to you.
as for how much...that's determined by your FAFSA, as are the %ages of unsubsidized and subsidized.
They're not a bad idea. Whether they're a 'good' idea depends on many things.

VI considering sending you this thread

[Edited on September 9, 2006 at 7:37 PM. Reason : lkjf]

9/9/2006 7:33:06 PM

If you are going to get a student loan, then Staffords are the best bet. They are guaranteed to students unless you have maxed out your Stafford loan eligibility. You must fill out the FAFSA in order to receive a Stafford loan.

At NCSU, you will choose a lender with whom you would like to receive the Stafford loan. We will certify that loan and the lender will send you a promissory note that you must fill out and return to the lender directly. If you are a first time Stafford loan borrower you will be required to complete Entrance Loan Counseling. Just go to this website to do that: http://mapping-your-future.org/OSLCSchoolPages/?SchoolPageID=5762&SchoolID=2003171

The amount that you are eligible to get is based on what year you are in school. Freshmen ($2,625/yr), Sophomore ($3,500/yr) and Junior/Senior ($5,500/yr). Payments are made semesterly. So half the loan in the fall and the other half in the spring.

You cannot choose whether you will receive a subsidized or an unsubsidized Stafford loan. This is totally dependent upon the FAFSA and the Estimated Family Contribution (EFC).

9/9/2006 7:35:49 PM