I received my award summary for financial aid from the school of my choice. I was offered two loans, Federal direct unsubsidized and Federal Direct PLUS. My school is a 3-year school and is 30,000 in tuition for the year. Do they remove 30,000 from the federal lender on day 1, or do they take out 10,000 for each semester and summer to keep interest down?
Another question is my parents are willing to help with my tuition, and so i am going to reduce my federal direct PLUS loan to what they can afford to contribute. Do schools ask for the entire year tuition at once? Or do they ask for it per semester and/or summer?
Another question is my parents are willing to help with my tuition, and so i am going to reduce my federal direct PLUS loan to what they can afford to contribute. Do schools ask for the entire year tuition at once? Or do they ask for it per semester and/or summer?