MBA Finances
Federal Loan Options
*** Federal Loan FAQ's ***
- Do I have to apply for federal loans every year?
- Can I qualify for federal loans even if I had a high income last year?
- What is the difference between subsidized and unsubsidized loans?
- How much can I qualify for in federal loans?
- Is there a fee associated with taking out the loans?
- What is the current interest rate on the loans?
- Does interest accrue on my loans while I'm in school?
- Where's my Financial Aid Award Notice?
- Can I decline the Direct Subsidized/Unsubsidized Loans and only take the Grad PLUS Loan?
- What does "adverse credit" mean?
- Can the MPN I signed for my Direct Subsidized and/or Unsubsidized Loan be used for my Grad PLUS Loan?
- When will my loan funds be available?
- How do I receive my loan funds?
- How do I pay my CARS bill with my loans?
- My loans haven't been credited in CARS yet. Why?
- What happens to my loans if I drop a class?
- Do I have to enroll in a certain number of units in order to be eligible to receive federal loans?
- I have prior loans. Do I need to make payment on those loans while at the Haas School?
- When do I have to begin repaying my loan?
- How do I get an In-School Deferment?
- Whom do I repay?
- How long do I have to repay my loan?
- How much will I have to repay and how often?
- What options do I have if I can't make a payment?
- Does interest accrue during a deferment or forbearance?
- How can I check the status of my loans?
