Home | Careers & Education | College & Graduate | How to Respond to Financial Aid Notices

Do I have to borrow the full loan amount that I'm offered?

Currently 0.0/5 Stars.
1
2
3
4
5

To properly view this site, javascript must be enabled and Flash version 9 or higher must be installed.
Get the latest Flash player

View All Videos In This Series

Transcripts

Host: Do I have to borrow the full loan amount that I am offered?

Brad Barnett: Oh, definitely not and we encourage you not to if you can avoid it. Your loan offer maybe at a level that s much higher than what you really to figure out that you need and if that is the case you simply respond in the acceptance process and accept a smaller dollar amount. So do your budget, figure how much you need and please don t accept more loan money than is actually necessary.

Expert: Brad Barnett

Brad received his Bachelor of Science degree from Southern Arkansas University, with a major in Psychology and a minor in Business. He furthered his education by graduating from the Medical College of Virginia at Virginia Commonwealth University with a Master of Science degree in Rehabilitation Counseling, specializing in Mental Health. He has been involved in the financial aid and/or rehabilitation More »