Oct
18
18
Is it true that taking out a private student loan decreases the amount of federal loans you can take?
Financial Aid
mb20and151 asked:
I am starting a very intense degree program where they reccommend we don’t work for the last 12-15 months of our schooling. For this reason, I am planning on utilizing federal loans and private lender loans.
This morning, I spoke with the financial aid office at my school. They told me not to take out a private loan because it will reduce the amount I can get from the federal loan. What’s up with that?
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Tags: 15 Months, Degree Program, Federal Loan, Federal Loans, Financial Aid Office, Intense Degree, Lender Loans, Private Lender, Private Loan, Private Loans, Private Student, Student Loan











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