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Can you have more than one Stafford loan at the same time?

Disbursement of Stafford Loan for a first year student but not a first time borrower?

  • Ok so, I am going back to school after 4 years. I had originally tried one of those online schools back before i was 24 and it wasn't for me. I had a Stafford loan but it has since been paid off. I really want to hit the road running so i want to take a bare min of my living cost out of a Stafford loan, my question is does the 30 day hold apply to me, as i have had one of these loans before, but am considered a first year student?

  • Answer:

    It should state in your contract as this what you are probably talking about. Here is there number. Call them direct for direct correct answers as it pertains to your specific case: http://www.direct.ed.gov/callus.html

Krystie at Yahoo! Answers Visit the source

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Not sure what a "30 day supply is" but as long as you paid it off you should be all set. You should have no problem receiving another one.

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