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How are the Subsidized and Unsubsidized portions of the Stafford Loans calculated?

April 26, 2017calculated Loans portions Stafford Subsidized Unsubsidized

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How are the Subsidized and Unsubsidized portions of the Stafford Loans calculated?

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Subsidized Calculation/Over-award The subsidized Federal Stafford Loan amount cannot exceed the established Cost of Attendance (COA) minus the Expected Family Contribution (EFC) minus the Estimated Financial Aid (EFA) (including any educational loans) received during the loan period. Any decrease in the COA, increase in the EFC or increase in EFA received may result in an over-award. When an over-award occurs, a reduction of the loan may be necessary. The over-award may require the student to immediately repay loan funds previously received. Unsubsidized Calculation/Over-award The unsubsidized Federal Stafford Loan amount cannot exceed the established Cost of Attendance (COA) minus the Estimated Financial Aid (EFA) (including any educational loans) received during the loan period. Any decrease in the COA or increase in the EFA received may result in an over-award. When an over-award occurs, a reduction of the loan may be necessary. The over-award may require the student to immediately