Answered By: Tiffany Beverly
Last Updated: Jan 23, 2017     Views: 1158

If you meet your aggregate loan limit for a particular loan type, you are no longer eligible to receive money for that type of loan.  Please review your loan history on your myWalden portal by selecting the Student Services tab and then the View Your Financial Aid link.

 

The Student Aid Report (SAR) may indicate that a student has inadvertently borrowed in excess of the Federal Direct Loan limits. For example, a prior institution may have inadvertently allowed a student to borrow federal undergraduate loans in excess of undergraduate limits while not exceeding the graduate loan limits. Before Walden can award graduate-level Direct Loans to the student, the student must reaffirm the debt by either consolidating the prior loans that exceed the limits or by obtaining a reaffirmation letter from the holder of the loans. Another example would be if a prior institution inadvertently allowed a student to exceed graduate loan limits. Before Walden can award Federal Graduate PLUS Loans, the student must reaffirm the debt by either consolidating the prior loans that exceed the limits or by obtaining a reaffirmation letter from the holder of the loans.

For more information on this topic, please contact The Office of Financial Aid at finaid@mail.waldenu.edu

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