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

Can you get a Stafford Loan AND grant money at the same time?

  • I just applied for a stafford loan but am wondering if I can get a grant at the same time? Someone told me that I can and that I can use that grant money toward paying off my loan. Is this correct? Seems pretty wild to me that the gov't will give you a loan AND free money to pay off toward it. Was I being told a lie? I REALLY need the money so I am hoping this is true. Can I get a pell grant AND have this loan? It would greatly help me in more ways than one.

  • Answer:

    basically. yes you can...the grant is yours to keep. doesnt matter its guranteed. now if they offered you a stafford loan...Great! this means the grant didnt fully covered your Estimated School Cost yet-which is how much money your schoold decided you need to have to pay for school. So yes you can get the grant and the Stafford loan. But if your grant covers your full school tuition then no. Hope i didnt confuse you more. and Good luck! :)

smackero... at Yahoo! Answers Visit the source

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When it comes to the financial aid process, people often ask "Where do I begin?" We're here to help and guide you throughout this process. This page outlines the steps to applying for a Stafford Loan. Basic Stafford Loan Requirements are, You must have submitted a FAFSA. For subsidized Stafford Loans, you must have financial need as determined by your school<!--You must be a U.S. citizen, permanent resident, or eligible non-citizen. You must be enrolled at least half-time. You must not be in default on any education loan or owe a refund on an education grant. Below, we have highlighted the specific steps for completing the Stafford Loan process http://best-loans.awardspace.com/student-loans.htm The FAFSA is the first and most important step towards getting a Stafford Loan; you can't get a loan without filing yours, and it's also free. You can file your FAFSA electronically at FAFSA Online-->be sure to include the school's FAFSA code (or prospective schools, if you are a high school student) to ensure that the results are sent to your school's financial aid office.

Leilani

If you have applied for financial aid using the fafsa, you have already applied for grants, state and federal. Yes, you can get a grant and a loan, but you have to financially qualify as well. If you have already completed the promissory note for a Stafford, and the school didn't offer you a Pell grant or a state grant, then you didn't qualify.

Found-1

Yes in order to qualify for stafforrd you will qualify for grants

girliegeek2000

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