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