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

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


Soothsayer
Patron 		Reply
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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Erowid
Get Educated!

3:54 pm on April 21, 2008 | Joined Jan. 2007 | 428 Days Active
Join to learn more about 420Mike Michigan, United States | Straight Male | 4508 Posts | 10535 Points
D Train


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

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~*DJ + TK= A relationship that cant be broken*~
3:55 pm on April 21, 2008 | Joined Nov. 2007 | 47 Days Active
Join to learn more about D Train Georgia, United States | Straight Male | 550 Posts | 1056 Points
marshmellowman


Thirteen
Sustainer
Support Leader
Tech Support Leader 		Reply
A grant is a non repayable denomination. A loan is repayable.

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If I'm gonna jump off the cliff, and you're gonna get pushed off the cliff,
why don't we hold hands on the way down?
3:55 pm on April 21, 2008 | Joined Feb. 2007 | 408 Days Active
Join to learn more about marshmellowman England, United Kingdom | Straight Male | 10894 Posts | 25497 Points
( 420Mike )


Soothsayer
Patron 		Reply
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
Get Educated!

3:57 pm on April 21, 2008 | Joined Jan. 2007 | 428 Days Active
Join to learn more about 420Mike Michigan, United States | Straight Male | 4508 Posts | 10535 Points
marshmellowman


Thirteen
Sustainer
Support Leader
Tech Support Leader 		Reply
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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If I'm gonna jump off the cliff, and you're gonna get pushed off the cliff,
why don't we hold hands on the way down?
4:05 pm on April 21, 2008 | Joined Feb. 2007 | 408 Days Active
Join to learn more about marshmellowman England, United Kingdom | Straight Male | 10894 Posts | 25497 Points
PimpMyHoes

Connoisseur 		Reply
those are all loans. none is free money

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http://www.youtube.com/watch?v=snA727obT58
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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