I am currently a student at Stanford University. My family is low income so I am fortunate to have received a full ride scholarship. However this scholarship does not cover my books and living + travel expenses, which I have to pay for out of pocket. Unfortunately I was not able to save up anything during the summer because I was paying many different bills, so I will be showing up to campus broke and I already have $500 in fall fees waiting for me. Fortunately I have an AmeriCorps education grant worth $3,500 and I also want to apply for a small loan, because I anticipate my expenses will be around $4500 this upcoming year. My question is, should I first use up all the money in my education grant before applying for a loan (max I can receive is 2200) or should I get the max loan first, and then dig into my education grant?
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