LiveWire Peer Support Network

Printable Version of Topic "do you have to pay back financail aid"

- LiveWire Teen Forums & College Forums (http://www.golivewire.com)
-- (http://www.golivewire.com/forums/support-college.html)
--- Financial Aid, Scholarships & Internships (http://www.golivewire.com/forums/forum-106-s-0.html)
---- do you have to pay back financail aid (http://www.golivewire.com/forums/peer-nae-support-a.html)


-- Posted by GumbieMak at 6:10 pm on July 2, 2003

if so  do u no of any gov't money that you can use that you dont have to pay back


-- Posted by AuvergneShewolf at 8:23 pm on July 2, 2003

Quote: from GumbieMak at 9:10 pm on July 2, 2003


if so  do u no of any gov't money that you can use that you dont have to pay back

Loans you have to pay back; scholarships and grants you don't.

Have you looking at www.finaid.org  ? It tells you about the different types of financial aid.


-- Posted by Jazzmonkey18 at 2:38 am on July 5, 2003

Very helpful site. I have taken out a few loans, which sucks, but it is worth it for a quality education.


-- Posted by lulubelle at 1:05 pm on July 24, 2004

Pell Grants and FSEOG Grants are free money. They are based on your need, not on your grades.

Pell can go as high as about $3,500 per year.
FSEOG can go from $200 to $2,000 per year.

Perkins Loans go to about $4,000 per year (depending on the college). These can be forgiven if you become a teacher in some areas.

Stafford Subsidized and Unsubsidized loans range from $5,500 as a freshman to $10,500 as a Jr/Sr.. Once again, $5,000 of this can be forgiven if you become a teacher in some areas.

You can volunteer for Peace Corps or Americorps and receive a little over $4,000 per year (max of 2 years) to pay for college, but it isn't cash to you.

Hope that helps

Lu


www.golivewire.com