One of our students has received subsidized Stafford loans at two different schools for the same loan period. What is the obligation of the student and the school in this scenario?
A student who is eligible to receive FFELP loan funds at two different schools may borrow simultaneously from each. The schools involved, however, must ensure that the student does not borrow more than the applicable annual limits. The schools must ensure that there is no duplication of noneducational expenses when they determine the student’s costs of attendance. The student must be enrolled at least half time at each school, and the total amount of the loans that the schools certify must not exceed the student’s annual loan limit.
