Help, got accepted for summer but worried about financial aid.

[jhinojos49]

Hi! I got accepted in the nursing program this summer at TAMU-CC but worried I might not have enough money for the tuition. I do have student loan (Subsidized Stafford loan) and I usually receive it during Spring and Fall. For the Spring 2011 i had an offer for unsubsidized loan too but rejected it and I just did my FAFSA for 2011-2012. The financial aid at the university cannot tell me information if I will be able to get a loan for the summer, she said I have to wait when they start granting. My question is do they disburse federal student loan both subsidized and unsubsidized during summer. Any info will be appreciated. Thanks.

[gumby1411]

Yes, both loans are disbursed during the summer. Why did you turn down the unsubsidized loan? I think you can reapply if you need additional funding for school.

[jhinojos49]

Thanks gumby1411! I rejected it because I went half-time only and the subsidized loan was already enough to cover my school expenses plus I am afraid of having too BIG student loan so I only want to borrow what i need. I really appreciate your response, now i can rest my mind. :)

[gumby1411]

I completely understand about not wanting too many student loans, but I had to take them out in order to go back to school. The sooner I'm done, the sooner I'm making money, and the sooner I can repay my loans. Good luck with the financial stuff, I know how much of a pain it is to figure it all out!

[jhinojos49]

You're right, now I am considering getting bigger loan just in case i quit my job if it's too much to study and work full time. Good luck on your studies :)