(no subject)
So the seemingly hard part of applications and acceptances is over, and I was accepted at my top choice school. However, I'm being tripped up by the logistics.
I feel like an absolute idiot not being able to figure this out on my own, but the last time I did a FAFSA, I'm pretty sure it was a paper-version. I've searched through tags and whatnot on here, but can't quite seem to find an answer.
So I filled out my FAFSA, and got my SAR today. There only seem to be two relevant pieces of info on there. One is the EFC (which seems preposterous; almost 30% of my very-low income) and the other is a section tabbed NSLDS.
This NSLDS section goes through and lists loans that it says I "owe," which come out to a very nice and tidy round number ($23,500), which seems like something nice that an upcoming MA student would be able to take out in federal loans. Or is this amount just what I'd already taken out, and not what I can take out this fall? I already had a bunch of federal loans from undergrad, but when I go to the official NSLDS page, the amount of loans I have from undergrad is very different from the $23.5 number. So this number that they gave me of $23.5 is where I'm confused and feel like a great big dummy.
Is this the amount I'm eligible to take out? It's not, right, because then it wouldn't say that it's what I "owe?" Or is it, and it's just worded oddly?
I'm sorry if this seems like the world's dumbest question, but I've been beating my head in trying to understand it and have Googled it to death without being able to come up with an answer.
I feel like an absolute idiot not being able to figure this out on my own, but the last time I did a FAFSA, I'm pretty sure it was a paper-version. I've searched through tags and whatnot on here, but can't quite seem to find an answer.
So I filled out my FAFSA, and got my SAR today. There only seem to be two relevant pieces of info on there. One is the EFC (which seems preposterous; almost 30% of my very-low income) and the other is a section tabbed NSLDS.
This NSLDS section goes through and lists loans that it says I "owe," which come out to a very nice and tidy round number ($23,500), which seems like something nice that an upcoming MA student would be able to take out in federal loans. Or is this amount just what I'd already taken out, and not what I can take out this fall? I already had a bunch of federal loans from undergrad, but when I go to the official NSLDS page, the amount of loans I have from undergrad is very different from the $23.5 number. So this number that they gave me of $23.5 is where I'm confused and feel like a great big dummy.
Is this the amount I'm eligible to take out? It's not, right, because then it wouldn't say that it's what I "owe?" Or is it, and it's just worded oddly?
I'm sorry if this seems like the world's dumbest question, but I've been beating my head in trying to understand it and have Googled it to death without being able to come up with an answer.