Forgive me if I am being dense. I did not apply for a PLUS loan last year, but I will need to this year. My questions are:
1) I am ready to send in the Stafford loan bit to my UK school - should I apply for a PLUS loan at the same time? The school's website advises waiting until I find out how much I get in the Stafford loan before applying for a PLUS loan, but it's July...
2) If I do apply for a PLUS loan now, do I really have to state how much I want to borrow in the PLUS loan? The cover letter I have to send to my uni along with my SAR & MPN asks how much I want to take out under each loan. How can I decide this now, without knowing how much I will be offered? Am I missing something here?
3) Sallie Mae customer service said that I can only have ONE loan application for each academic year - did they mean one of each type? (ie, can I have a Stafford and PLUS loan at the same time)?
Sheesh, this was easier last year when I just took out the maximum Stafford loan. Thanks for any advice