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  LiveWire / College Forums / Financial Aid, Scholarships & Internships / Viewing Topic

Financial "Awards"
Replies: 5 — Last Post May 12, 2008 4:08pm by PimpMyHoes
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( 420mike )


Nasty ass macaroni
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Alright so i've been accepted into my college of choice a while ago, and now i'm starting to get these awards, and loans for next year and I don't know whether I should accept them or not.  

I guess my confusion is in the option.  Why would anyone decline free money?  There must be something going on here if they give you the option to decline, or except partial amount.

Does anyone know about these:

Federal College Work Study $1,000
Federal Perkins Loan $2,000
Federal Parent PLUS loan ESTIMATE $7,176
Federal Direct loan Sub fall/winter $3,500

3:54 pm on April 21, 2008 | Joined: Jan. 2007 | Days Active: 733
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D Train


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I'd take them...but uhh they must really want you to go there!

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3:55 pm on April 21, 2008 | Joined: Nov. 2007 | Days Active: 76
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marshmellowman


wewerepromisedjetpacks
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A grant is a non repayable denomination. A loan is repayable.

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3:55 pm on April 21, 2008 | Joined: Feb. 2007 | Days Active: 781
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( 420mike )


Nasty ass macaroni
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Quote: from marshmellowman at 6:55 pm on April 21, 2008
A grant is a non repayable denomination. A loan is repayable.

So i'd have to look into these loans to check the interest rates, and whether or not I have to pay while attending college?

3:57 pm on April 21, 2008 | Joined: Jan. 2007 | Days Active: 733
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marshmellowman


wewerepromisedjetpacks
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Quote: from 420Mike at 11:57 pm on April 21, 2008
Quote: from marshmellowman at 6:55 pm on April 21, 2008
A grant is a non repayable denomination. A loan is repayable.

So i'd have to look into these loans to check the interest rates, and whether or not I have to pay while attending college?


I'd think so. Definitely don't just blindly apply for them.

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and victorious in war shall be made glorious in peace.
4:05 pm on April 21, 2008 | Joined: Feb. 2007 | Days Active: 781
Join to learn more about marshmellowman England, United Kingdom | Straight Male | Posts: 25,006 | Points: 44,457
PimpMyHoes

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those are all loans. none is free money

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4:08 pm on May 12, 2008 | Joined: Dec. 2007 | Days Active: 133
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