Results 1 to 3 of 3

Thread: Loan/Scholarship

  1. #1
    Featured Member la429's Avatar
    Joined
    Jul 2005
    Posts
    767
    Thanks
    47
    Thanked 35 Times in 21 Posts
    My Mood
    Sleepy

    Default Loan/Scholarship

    I'm a little confused. Can you have loans and aid at the same time? What's the difference? Can the Pell cover all of your tuition?

  2. #2
    God/dess Deogol's Avatar
    Joined
    Dec 2003
    Posts
    5,493
    Thanks
    120
    Thanked 50 Times in 35 Posts

    Default Re: Loan/Scholarship

    You can have loans and financial aid at the same time.

    Government grants, such as Pell Grants - are given out based on your need. Need is defined by your age and your income level from the previous year. No, they don't come close to covering college tuition at a four year college but help a lot in a two year.

    Loans are a separate thing which you must pay back. Since you are a student the government makes a deal with the bank to cover your loan if you default. However, if you do default, you will be chased like a motherfucker by the government until you pay it off. (I don't believe you can declare bankruptcy to get rid of the loans either under the new laws so know what you are getting into.)

    Student loans tend to have a max you can ask for over a given time period.

    There are "private" loans also. Know the difference because the government WON'T pay them back and they will be on your butt too. Private loans tend to rip people off. Unfortunately, these days FA departments steer students into private loans. Best to go to the bank yourself for a student loan if you need one.

    Private loans are only limited by what they think they can get back from you.

    My advice, go to a two year school and transfer credits to a four year if you want to go that far.

  3. #3
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Loan/Scholarship

    also don't forget that, for college students under age 24 ( = unemancipated), gov't student grant and student loan eligibility is based on total 'family' income. Thus when the parents fill out the student grant / loan paperwork the girl's dancing income must be included as well as the parents' incomes.

Similar Threads

  1. talk about dancing in scholarship app?
    By Odette in forum Stripping (was Stripping General)
    Replies: 6
    Last Post: 09-23-2011, 04:37 PM
  2. Getting a loan..
    By jennahoff in forum The Lounge
    Replies: 4
    Last Post: 12-03-2009, 03:25 PM
  3. Scholarship!
    By RoseLeigh in forum The Lounge
    Replies: 2
    Last Post: 09-09-2007, 08:33 AM
  4. getting a loan...
    By kenzi19 in forum Body Business
    Replies: 8
    Last Post: 05-12-2007, 08:22 PM
  5. Replies: 15
    Last Post: 03-23-2007, 04:37 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •