Question #1 — So I have applied for a Stafford Loan and I seem to meet all the requirements, although the Maximum Time Frame stuff is confusing me. It says that a student cannot exceed more than 150% the amount of credit hours it takes to complete a program. So far, I haven’t. I’m at about 72 attempted hours and my program requires 65 — 150% of that would be 97.5. I’m wondering if they are using a long-term scale that determines whether or not you WILL be done before the Maximum Time Frame is up, because I’m not sure that I will be. From what I understand, I won’t be eligible for payment once that time is up, but I only need it this once anyhow. Do you think they’ll have a problem awarding me the loan this late in my academic career?

Question 2 — It’s been three weeks into the semester and my tuition has already been paid for (it is always paid for via Veteran’s Affairs). Is there something that they’ll need to deduct from my amount, or will I just be cut a full-check?

Thanks!!