What happens if the cost of attendance changes after the loan has been certified for the full budget?
Should any cost of attendance items increase after the loan has been certified, the loan amount initially requested will automatically be corrected to cover the additional cost if there is sufficient time remaining prior to the first disbursement. If not, a supplemental loan request can be processed.
Related Questions
- When are schools required to recalculate the cost of attendance used to certify a FFEL Program loan when a students enrollment status changes from full time to at least half time?
- What happens if the cost of attendance changes after the loan has been certified for the full budget?
- What happens if the actual energy savings realised don’t cover the cost of the loan repayments?
