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Financial "Awards"
Replies: 5 — Last Post May 12 4:08pm by PimpMyHoes

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( 420Mike )


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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

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3:54 pm on April 21, 2008 | Joined Jan. 2007 | 442 Days Active
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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 | 47 Days Active
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marshmellowman


plz ♻
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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 | 419 Days Active
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( 420Mike )


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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?

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Erowid
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3:57 pm on April 21, 2008 | Joined Jan. 2007 | 442 Days Active
Join to learn more about 420Mike Michigan, United States | Straight Male | 4906 Posts | 11279 Points
marshmellowman


plz ♻
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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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Intelligence is the ability to avoid doing work, yet getting the work done.
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4:05 pm on April 21, 2008 | Joined Feb. 2007 | 419 Days Active
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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 | 133 Days Active
Join to learn more about PimpMyHoes Virginia, United States | Bi-curious Female | 7167 Posts | 7580 Points
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