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Columbia Scholarship application question
Hi All,
I am currently applying to the GSAPP, and I have some confusions on the scholarship application.
In the application (please see attached image),
1) I am not so sure what the "total principal amount owed" and "amount to repay in 2011-2012" are asking for.
for the "total principal amount owed" does that mean the total amount of certain loan I have borrowed? or the outstanding amount that I still have to pay?
does "amount to repay in 2011-2012" mean the amount I've paid in the years of 2011 and 2012?
2) what's the difference on "Federal Perkins Loans" and Total amount of all Federal Perkins loans ever borrowed?
3) for "Total Education Indebtedness", is it the sum of the total amount of loans I have borrowed?
Thanks,
Y
Umm...you should ask Columbia these questions.
Yo!
1. "Total principal amount owed" = The total amount you borrowed from the government via the Federal Perkins Loan (assuming you ever had a Perkins loan)
"Amount to repay in 2011-2012" = The amount you have to pay for your Perkins loan in the past 2 years.
2. I'm not quite sure what the difference is, perhaps it's if you ever had to take out several Perkins loans (multiple degrees, stopping school for a while, etc.). The total amount would be adding all those loans together.
3. I think "Total Education Indebtedness" means the current balance of your student debt at the time of filling out the application (i.e. total amount minus any payments you've made)
I'm not 100% sure, so I'd take that advice to email Columbia's Financial Aid office to make sure. Good luck
Thank you for your help. I am going to email them now.
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