I have a question regarding financial aid. If anyone knows the answer, please help!! I talked the UTSW financial aid today, and I was told that I would not be awarded with any grant my second year if I didn't take out a unsubsidized loan in the first year. The financial aid lady sounded REALLY busy and didn't really explain the whole process to mel. She said that it was explained to the student at MS0 days that UTSW frontload their grant the first year, so everyone would receive a grant whether or not an unsubsidized loan is taken out. Unforunately, I missed MS0 day so I didn't know about any of this (accepted off waitlist in April, just missed MS0 day in March).
I declined my unsubsidized loan this year because I do have some savings. My savings + subsidized loan + grant money would last me the first year. I thought to save on the interest of the unsub loan by not taking it until the second year.... I really didn't know this would mean I will receive NO grant next year!
I plan on calling financial aid again, hopefully on a time that they're less busy and ask if I could de-decline some of my unsub loan offer. Before I bother UTSW again, can anyone please tell me how much grant one can expect for the second year and on? If the amount isn't much, then I won't bother the financial aid people. However, if the amount is significant, I think it would be worth the effort. Any help or advice??? Thanks everyone in advance.
I declined my unsubsidized loan this year because I do have some savings. My savings + subsidized loan + grant money would last me the first year. I thought to save on the interest of the unsub loan by not taking it until the second year.... I really didn't know this would mean I will receive NO grant next year!
I plan on calling financial aid again, hopefully on a time that they're less busy and ask if I could de-decline some of my unsub loan offer. Before I bother UTSW again, can anyone please tell me how much grant one can expect for the second year and on? If the amount isn't much, then I won't bother the financial aid people. However, if the amount is significant, I think it would be worth the effort. Any help or advice??? Thanks everyone in advance.