Question about Loans/Financial Aid
Quick about me: I'll be attending graduate school this fall, and my program takes approximately 3 years (8 semesters). I have zero debt from undergrad. For the entire year, my financial aid award is about $20,000 in unsubsidized loans.
I've been offered an assistantship, so my fall tuition has been waived and I'm only responsible for a few fees. My total for the semester comes to about $1,000. Here is where my question comes in. I'm not guaranteed of keeping my assistantship for the spring semester (although I certainly hope to), so I'm not totally sure of how much my second semester will be. As far as accepting loans, do I only get one chance each year to accept money, or will I be able to accept money for the spring semester at a later point? Is there an expiration date on loans?
I'm planning to call my school's financial aid office this week, but I thought I would ask here to see if anyone had thoughts, or if someone might bring up more points I should ask about. Apologies for my ignorance, and thank you very much for your help!
I've been offered an assistantship, so my fall tuition has been waived and I'm only responsible for a few fees. My total for the semester comes to about $1,000. Here is where my question comes in. I'm not guaranteed of keeping my assistantship for the spring semester (although I certainly hope to), so I'm not totally sure of how much my second semester will be. As far as accepting loans, do I only get one chance each year to accept money, or will I be able to accept money for the spring semester at a later point? Is there an expiration date on loans?
I'm planning to call my school's financial aid office this week, but I thought I would ask here to see if anyone had thoughts, or if someone might bring up more points I should ask about. Apologies for my ignorance, and thank you very much for your help!