Can I get multiple Stafford loans from different banks?
Thursday, January 28th, 2010 at
1:09 pm
Jan M asked:
I got an offer to get a Stafford loan from First Financial Bank and Citi Credit. Can I get a Stafford loan from both of them, or am I only allowed one? I kinda need more money for college.
I got an offer to get a Stafford loan from First Financial Bank and Citi Credit. Can I get a Stafford loan from both of them, or am I only allowed one? I kinda need more money for college.
Tagged with: Banks • Money • Stafford Loan
Filed under: Student Loans
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No. The money goes through the bank, but it’s from the federal government so you can only get it once a year.
Jan:
The Stafford lending program has strict borrowing limits that are determined by what year of college you are in.
A dependent freshman can borrow $5500 for the entire year, a sophomore can borrow $6500, and juniors and seniors are eligible to borrow up to $7500 a year.
Your financial aid offer letter indicated the total amount of Stafford borrowing eligibility that you have, and you can not borrow more than those amounts.
I’m sorry for the disappointing news. Good luck!
I am Evlyn Klinton from scotland, I was previldge to come in contact with this lender named
Foley who assisted me with a loan of 1500k USd. it wasnt easy getting a reputable loan
company but with the guidance of God and sincere heart i was able to get intouch with him
through a friend here. his email is he is as good as done when you
contact him for a loan.As the adage goes, a word is enoughfor the wise. dont wast youtr time contacting
fraudsters in you are in dire need of cash. I have my own fair share of it and know what it
means deep in my skin.
I am stella Ambross from scotland, I was previldge to come in contact with this lender named Foley who assisted me with a loan of 1500k USd. it wasnt easy getting a reputable loan company but with the guidance of God and sincere heart i was able to get intouch with him through a friend here. his email is he is as good as done when you contact him for a loan.As the adage goes, a word is enoughfor the wise. dont wast youtr time contacting fraudsters in you are in dire need of cash. I have my own fair share of it and know what it means deep in my skin.
No,I think its impossible as all banks issue these loans according to the government rule, you can get another loan from any bank when you have cleared your first loan. So Its best to contact with any expert for this purpose.