I was hoping I could get some help from all the knowledgeable people here in the Financial Aid forum with some questions and clarifications I have about the financial aid package I have received.
In my package I received both a Subsidized Federal Direct Loan for $3,500 and a Federal Perkins Loan for $1,500 for the year. The thing is, I did not receive an Unsubsidized Federal Direct Loan as part of my package.
I understand that as a first-year student I should be eligible for a total of $5,500 in Stafford Loans, and I know that the Subsidized Federal Direct Loan is counted towards that total; is the Perkins Loan also counted towards that total of $5,500?
Also, even though I was not offered the Unsubsidized Loan as part of my financial aid package, am I still able to receive that loan if I need a little more money to cover my EFC?