PELL GRANT PAYING FOR APARTMENTS?
Do Pell Grants pay for off campus living? If my EFC=0. And I get $5500 and my tution is roughly $1500 a year, do I get to use the remaining on an apartment? And also how do you get your FAFSA money?
What happens if I don't repay my pell grant?
Sebastian: Let me clarify some of the information that you've been told - some of it is inaccurate. Pell Grants must be "earned", but the deadline for Pell Grants has nothing to do with the 100% refund period (which is part of the answer that you were offered). Pell Grants are earned through course attendance - if you complete 60% of the course, you will have "earned" the entire grant. Withdraw from a course before the 60% mark of the semester, and a portion of your grant will still be unearned. You will be required to repay the unearned portion of your grant to your university or college. In financial aid terms, the unearned portion of your grant is referred to as an "overpayment", and the US Department of Education has very strict and specific rules about how overpayments must be resolved. If you owe your school money for a financial aid overpayment of Federal Student Aid funds (which includes the Pell), you become immediately ineligible to receive ANY further aid until the overpayment has been repaid. Your school IS permitted to negotiate a payment arrangement with you, but you must have begun making your scheduled payments under the plan - you don't regain your eligibility simply by making an empty promise. If you can't afford to repay the grant, your best bet is to keep attending class. You can't simply wait to drop, because your professor will be asked to certify your attendance in class. If you don't want to give the money back, you'll have to stay in class. If you don't, not only will you be required to repay (part of) the grant, you'll also be barred from future aid until you do. Good luck.
Should I take a year off after high school to work so I can pay for college?
How much do you expect to be making when you graduate from college? (This is not an easy question to answer. It will require some research and some personal honesty. I recommend being intentionally pessimistic in your estimates.)How much do you expect to be making the year before you enter college?Will your pre-college experience help you in finding a job after you graduate?If your post-college earnings will be significantly higher than your pre-college earnings, then you’re better off taking on the debt and jumping right in. I’d recommend starting at a community college and moving to a 4-year to keep debt to a minimum. You’ll be missing out on one year of large earnings by putting it off a year. This will also likely make you more successful in some of your classes, like math, where a long break can be detrimental. (Ask anyone who has taken a long break how difficult their “introductory” math classes are.)If your post-college earnings won’t be significantly higher, postponing college one year (or more) isn’t unreasonable. Just make sure you have a solid plan if you really do intend to go back. Many say “I’ll go back when I can afford it.” Then they get comfortable in their current lifestyle, they get married, they have kids, and going back to college really never gets any easier.If your earnings won’t be much higher, you might also ask yourself if college is worth it at all. It should be said that increased salary is not the only benefit of a college education, but sometimes those other benefits are luxury items for those who can’t afford them.I will say that having a degree gives a flexibility to your future plans that not having a degree does not. Studies have shown that those with a degree bounce back from shifts in the economy more than those who don’t.Best of luck, whatever you choose. While these decisions are important, there are lots of good paths you can choose. Find one that works for you. My final advice is to choose a Toyota college and not a Rolls Royce college.
I have to pay back pell grant?
I was enrolled last fall as a full time college student and then I was very immature and stupid kid, I had received financial aid through the pell grant the max amount and a little through the schooling I decided to just stop going. The left over money was about 1000 and I spent it. As the next semester started I didn't go but they started sending me letters to pay it off but I never recieved those letters because my small step brother was checking the mail and never told me about those letters, so it is now summer and I have a letter that I recieved from the state saying I have 1000 dollars to owe within 10 days and I was wondering because I really am signing back up in the fall if it was possible to get a deferment or get a loan to pay that off that i could just pay after school. or what can I do about that.
Can I use my pell grant to retake classes?
Yes, you can use Pell Grant funds to pay for the cost of retaking the classes. However, staring in July, 2012, there are new rules for all college/univ. students regarding the Pell Grant and how many semesters a student can be eligible for the grant funds. Pell Grant eligibility has been reduced from 18 semesters to 12 semesters, meaning that once students use a Pell Grant for six school years, they are cut off from additional funding. Using Pell Grant funds to pay for either no-credit remedial classes or to repeat classes will be using up that 12 semester limit. If you already have a semester or 2 (or more) of having used Pell Grant funds, factor those semesters into what that would be subtracted from the total 12 semesters and figure out how many more semesters you expect to be taking classes before you earn your degree and graduate.. You may be interested in reading a good newspaper article about the Federal student changes in an article I found in the St. Louis Post-Dispatch newspaper, January 3, 2012. The link is a TinyURL version to the article: http://tinyurl.com/763lg4v Librarians--Ask Us, We Answer! Find your local Public Library at: http://www.publiclibraries.com/ Find your College/University Library at: http://lists.webjunction.org/libweb/Acad... Best wishes
How long does it take to receive Pell Grants.?
I'm in the application process for Pell Grants. Once I get approved, how long does it take to receive the money. And does the school get the money or does it get sent to me. And last but not least. Say I have a pell grant for $2000 for one semester, and school only cost me say $1000 that semester. Would I receive the rest of that money to spend on other things? (like a much needed laptop)
Will my Pell Grant money be taken away from me?
I just received a check for $541 from my school because I received the Pell Grant. I am supposed to be receiving $2,161 this year. On my FAFSA form, it says I am going to be a full time student for this school year. But due to a scheduling error, I am only taking 9 units this semester instead of the 12 that are required to be considered full time. Will they refund some of my Pell Grant? Will I have to give them back a portion of this check? The check was made on the 11th, do you think that means that they realize I am only part-time so this is the correct payment?
How did you pay for college? Savings? Scholarships? Loans? Working?
I went to college back the day when tuition did not require loans or a lifetime of savings, or scholarships in general. Some, who didn’t have great means, may have needed or taken advantage of scholarships, etc. My family, at the time I went to college was middle class. I worked and went to school. Each semester I savedenough money from my job to pay the tuition. Depending on the cost of my books, my parents helped me to pay for some of them. My tuition, in the early 80’s was $200.00 a semester and books were under $100.00. 24 years later when my oldest daughter went to college - tuition was almost $2000 a semester, plus several hundred dollars for books and multiple fees. I took voice lessons in college for the tuition I paid. My daughter paid extra for private voice lessons and had to pay for an accompanist. Since she started college in 2004 - that has only increase significantly. Getting a college education for a middle class person requires loans, savings, scholarships AND debt for years. When the presence and quality of education have SUCH a huge impact in a person’s life and on society why is higher education not available to all who want it for a reasonable cost? I’m not asking for free education - though it would be an huge investment for this nation. Just put it within reach - the benefits, including financial for individuals AND this entire country would be huge!
What happens to financial aid (Pell Grant) if a student drops out after completing the first year because college isn’t the right fit for them? How much must be paid back?
Pell Grants are free money. Every time you complete a semester you are good to go. You’d only possibly have to pay back if you drop during the semester. You will remain eligible for the full 12 semesters of Pell Grant if you are within Satisfactory Academic Progress (see Student Handbook). If you take a student loan, you will have to pay that back, per student loan terms.If you drop during the semester (don’t do that!), read your student handbook (often online). It will lay out how much is paid for as you continue into the semester. But if you start, you should commit to the semester. It is really foolish to drop during because it will mess you up if you later want the option to finish a degree.People do mature and later find that the degree may be necessary for the kind of job they want, or a promotion. Just on Quora you see posts like this:I am 32, graduated high school in 2005. I had some college but never finished. What can I do with my life without a college degree?Right now is your ticket to a lower cost education. If you are able to pass your classes you might consider getting the degree out of the way. Once you start working, you may no longer be Pell Eligible and you will have to figure out how to pay for school while working. This can take a decade to finish. There are many, many adults in this dilemma who regret being short sighted as a teen. (Teens lack brain development to help with long term planning into their 20’s).You should know that college degree holders make much more than those with only a HS diploma, have lower rates of unemployment and poverty, and have much greater satisfaction with the type of jobs they can get.Education: The Rising Cost of Not Going to College
How would you pay for college if you have reached your limit for borrowing and Pell Grants?
Go to work.