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Thread: School sucks!!!

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    Thumbs down School sucks!!!

    Before this semester started, FAFSA required me to sign a promissory note to StudentLoans. I had just received my refund check of $353.00 last week from FAFSA and today I received $1,742.00 refund check from which I see is coming from StudentLoans. It said that I had borrowed $3,500.00! I really do not feel the need to borrow anything! Is school a scam or something? I am a part-time student that has 3 subjects on Tues & Thurs and is in my 4th semester. I am getting really concern. I'm not sure if school is what I want to do. And even better... I am JOBLESS. I really need to get my life together.... I also went last week to apply for a cocktail waitress position at my local strip club. Still didn't hear back from them.

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    Senior Member CherryPepper's Avatar
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    Default Re: School sucks!!!

    It probably said you borrowed 3500 b/c you are scheduled to get another check for 1743 in the next semester. That should be the total amount for the year. Keep going to school until you decide whats best for you. You have to pay the loans back 6 months after you quit or graduate and they are verrry low interest. If you don't need it, you can send it back or not cash it, however if you are jobless you may need it?

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    Default Re: School sucks!!!

    It does say I borrowed $3,500.00. I don't even think my classes cost that much at my Community College! It didn't cost FAFSA that much. I use FAFSA to pay for my tuition and it covered. I even use $300.00 for my books and got $353.00 back!! I am actually scheduled to get $1,724.00 back in 2012. I am jobless but I still live with parents .

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    Senior Member CherryPepper's Avatar
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    Default Re: School sucks!!!

    ^ they figure how much you will need to live (food, bills, etc. )..not just tuition and books. A lot of people need the money b/c they don't work as much while in school. Since you live with your parents and don't need it, just send it back. Easy peasy. It's not scam though. Again, the 3500 is for 2 semesters. If you don't want the next disbursment, just call your school financial aid office and let them know you don't need it.

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    Default Re: School sucks!!!

    I actually do not need studentloans at all. I don't understand why FAFSA made me sign a promissory note to get loans!

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    Senior Member CherryPepper's Avatar
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    Default Re: School sucks!!!

    ^ You never have to sign it! It's only if you want it. You will keep getting them if you continue in school. Just ignore them in the future and they will be void.

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    Default Re: School sucks!!!

    They say FAFSA won't be completed after I sign it .

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    Senior Member CherryPepper's Avatar
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    Default Re: School sucks!!!

    ^ That's weird. I guess just call the financial aid people at your school . It really shouldn't be a big deal.

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    Default Re: School sucks!!!

    Thank you for replying to this thread. Yes I am planning to go to FAFSA office at my school soon. Because I really don't want to take loans when I don't need to.

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    Default Re: School sucks!!!

    I hate the FAFSA. It's a huge pain in the ass, which is why I'm earning my entire tuition, which is around $8,000, instead of borrowing money.

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    Default Re: School sucks!!!

    You have to accept individual loans through your school...it's possible that something is set up in your account where you automatically accept anything that is offered. Nobody will "make" you accept any type of financial aid, so no, of course school isn't a scam. If you signed the promissory note, you should be able to access it both independently and through your school. If you're confused about how the process works, I would set up an appointment with your financial aid office and get a more practical explanation in person.

    Also, you will receive refunds staggered throughout the term...different loans and grants take different amount of times to process, and you'll get the refunds whenever the money is finally posted to your school account. Some financial aid gets processed super quick, and some aid takes months. Plus, you'll often be offered additional aid throughout the semester...my Fall semester is half over and I was just notified yesterday that I have been offered another $1700 in loans for this semester, if I choose to accept it.

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