Monday, February 06, 2006

To the annoying kid who insists that he makes too much money to take out any student loans and therefore the poor are eating up our tax dollars:

Yes you can. "All students, regardless of need, are eligible to apply for the unsubsidized Stafford Loan." The only requirement is that you be enrolled at least half time (which I know you are).


Anonymous said...

Just for the record, I realize I don't know the kid you are referring to or anything about the situation other than what you posted here, but I'm guessing that he is referring to subsidized loans. I'm not going to try to argue his point about the poor eating up our tax dollars, but the subsidized loan is need based, so if he makes too much money he wouldn't be able to get it. The unsubsidized loan would start adding interest immediately where the subsidized loan wouldn't, so it isn't much better than getting a loan from a bank or something similar with the exception that the interest is much less. Just a thought though.


Jennifer said...

I thought that might have been what he meant, so I asked, "you mean just unsubsidized loans, right?" Nope, "I can't get ANY student loans."

And, even if you get unsubsidized, you can have the interest deferred until after you graduate.