Quoting Post Archived Topic: It will not be bumped to the top of the forum. Topic Financial "Awards" Membername   Not a member? Sign Up Free (takes 20 seconds) Password   Forgotten your password? Post Font: Verdana Arial Black Georgia Comic Sans Impact   Size: Tiny Normal Big Huge   Color: Default Dark Red Red Orange Brown Green Olive Cyan Blue Dark Blue Indigo Black [ Check Spelling ] [ Post Preview ] [ LiveTags ] Quote: from [m]420mike[/m] at 3:54 pm on April 21, 2008[quote]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[/quote] FAQ Keyword Search: Post Options Favorites Manager Notify me of new replies to this topic by email Notify me of new replies to this topic by private message Original Post 420mike Posted at 3:54 pm on April 21, 2008 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

Replies PimpMyHoes Posted at 4:08 pm on May 12, 2008 those are all loans. none is free money marshmellowman Posted at 4:05 pm on April 21, 2008 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. 420mike Posted at 3:57 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? marshmellowman Posted at 3:55 pm on April 21, 2008 A grant is a non repayable denomination. A loan is repayable. D Train Posted at 3:55 pm on April 21, 2008 I'd take them...but uhh they must really want you to go there! All 5 previous replies displayed.